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Rail News Home Financials

5/16/2006



Rail News: Financials

Providence and Worcester's revenue and expenses rise



Yesterday, Providence and Worcester Railroad Co. (PWRR) reported first-quarter revenue of $6.6 million, a 17.1 percent increase compared with first-quarter 2005.

Carload and container traffic increases helped offset a decrease in average revenue per carload. In addition, contractual rate increases provided a boost to intermodal revenue.

The 545-mile regional also reported a quarterly net loss of $252,000 compared with $255,000 net loss in first-quarter 2005.

However, quarterly operating expenses of $7.2 million rose 15.4 percent primarily because of a $252,000 increase in fuel costs and $275,000 increase in health and welfare expenses.

PWRR moves traffic over lines in New York, Connecticut, Massachusetts and Rhode Island, and operates two intermodal yards in Worcester, Mass.


Contact Progressive Railroading editorial staff.

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