Class Is Think Long-Term Intermodal Growth Despite Short-Term Turmoil
Introducing The Rising Stars Of 2025
2025 C&S Spending Report
BNSF Forms Team Focused On Growing Single Carloads
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry
Stay updated on news, articles and information for the rail industry
railPrime
RAIL EMPLOYMENT & NOTICES
Rail News Home
Financials
Rail News: Financials
Yesterday, Providence and Worcester Railroad Co. (PWRR) reported a first-quarter net loss of $462,000 compared with a $506,000 net loss in first-quarter 2003.
Quarterly operating revenue of $5.1 million rose 4.3 percent or $208,000 compared with the same 2003 period. Revenue from coal and other commodities helped the 545-mile regional offset a container traffic decline.
Quarterly operating expenses of $5.9 million increased 1.9 percent or $107,000 compared with first-quarter 2003's expenses.
"Historically, the company has experienced its lowest levels of operating revenues and profits during the first quarter of each year, and we believe the company will generate profits from operations during the remainder of the year," said PWRR officials in a prepared statement.
5/13/2004
Rail News: Financials
Providence and Worcester narrows net loss, increases revenue during traditionally weak first quarter
advertisement
Yesterday, Providence and Worcester Railroad Co. (PWRR) reported a first-quarter net loss of $462,000 compared with a $506,000 net loss in first-quarter 2003.
Quarterly operating revenue of $5.1 million rose 4.3 percent or $208,000 compared with the same 2003 period. Revenue from coal and other commodities helped the 545-mile regional offset a container traffic decline.
Quarterly operating expenses of $5.9 million increased 1.9 percent or $107,000 compared with first-quarter 2003's expenses.
"Historically, the company has experienced its lowest levels of operating revenues and profits during the first quarter of each year, and we believe the company will generate profits from operations during the remainder of the year," said PWRR officials in a prepared statement.
