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Small Providence railroad runs profitable, pursues growth
Providence and Worcester Railroad Co., among the nation’s smallest with 60 employees and 75 miles of track, posts profits while fending off big-line bids. CEO Robert Eder, ex-paratrooper and Harvard Law graduate, eyes expansion via takeover talks with Penn Central and Boston and Maine. Rhode Island officials consider P&W to handle state freight and potential passenger service.
MENTIONED IN THIS ARTICLE
Providence, R.I
UPI
Providence and Worcester Railroad Co
Penn Central
P&w
Interstate Commerce Commission
Rhode Island Transportation Authority
Little Railroad
Boston and Maine Railroad
Worcester
Mass
Gardner
Robert H. Eder
Harvard Law School
Massachusetts
Boston
Providence
Eder
Rhode Island