| Business Summary | | Providence
and
Worcester
Railroad
Company
(P&W)
is
a
regional
freight
railroad
operating
in
Massachusetts,
Rhode
Island,
Connecticut
and
New
York.
The
Company
is
the
only
interstate
freight
carrier
serving
the
State
of
Rhode
Island
and
possesses
the
exclusive
and
perpetual
right
to
conduct
freight
operations
over
the
Northeast
Corridor
between
New
Haven,
Connecticut
and
the
Massachusetts/Rhode
Island
border.
Through
a
series
of
acquisitions
of
connecting
lines,
the
Company
has
grown
from
45
miles
of
track
to
its
current
system
of
approximately
545
miles.
P&W
operates
the
largest
double
stack
intermodal
terminal
facilities
in
New
England
in
Worcester,
Massachusetts,
a
strategic
location
for
regional
transportation
and
distribution
enterprises. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Providence
and
Worcester
Railroad
Co.
is
a
regional
freight
railroad
operating
in
Massachusetts,
Rhode
Island,
Connecticut
and
New
York.
For
the
six
months
ended
6/30/01,
revenues
fell
13%
to
$11.2
million.
Net
loss
applicable
to
Common
fell
90%
to
$107
thousand.
Revenues
reflect
a
decrease
in
conventional
freight
and
non-freight
revenue
due
to
lower
traffic
volume.
Earnings
also
reflect
higher
General/Admin.
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Robert Eder, 67 Chairman
and CEO | $397K | -- | Orville Harrold, 67 Pres,
COO | 305K | $1.5K | P. Conti, 42 VP
of Engineering | 107K | 1.8K | Robert Easton, 56 Treasurer | 141K | -- | Mary Tanona Gen. Counsel, Sec. | -- | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|