Rail Product News
Media Kit » Try RailPrime™ Today! »
Progressive Railroading
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

View Current Digital Issue »


Rail News Home Financials


Rail News: Financials

Providence & Worcester posts more income, less revenue


A drop in container traffic equaled a drop in revenue for Providence & Worcester Railroad Co. (PWRR) in the second quarter. The 545-mile regional’s revenue totaled $271,000, down 3.7 percent compared with second-quarter 2006.

However, a $187,000 decrease in operating expenses and $234,000 increase in other income more than offset the revenue decline, PWRR said. In addition, quarterly net income jumped from $259,000 a year ago to $347,000.

For 2007’s first six months, PWRR reported a net loss of $1.2 million compared with a net loss of $10,000 in the same 2006 period, primarily because of a large revenue decline in the first quarter. First-half operating revenue totaled $12.2 million, down 12 percent year over year.

Formed in 1973, PWRR operates lines in Massachusetts, Rhode Island, Connecticut and New York.