Company History: The Providence and Worcester Railroad (reporting mark PW) (NASDAQ: PWX) is a Class II railroad in the United States. The railroad connects from Gardner in central Massachusetts, south through its namesake cities of Worcester and Providence, Rhode Island, and west from Rhode Island through Connecticut and into New York City. The railroad's connection between New Haven, Connecticut and New York City and onto Long Island is via trackage rights over the Hell Gate Bridge.
The P&W was incorporated in Massachusetts as the Providence and Worcester Railway on March 12, 1844, and as the Providence and Worcester Railroad in Rhode Island in May 1844. The two companies were merged November 25, 1845 as the Providence and Worcester Railroad. The company bought the Blackstone Canal, also running between Providence and Worcester, and began construction, partly on its banks, in 1845. The line opened in two sections, the part south of Millville on September 27, 1847, and the rest on October 20. The line from Providence to Central Falls was shared with the Boston and Providence Railroad, which at the same time built a connection from its old line (ending in East Providence) over to the P&W.
On July 1, 1892, the New York, New Haven and Hartford Railroad leased the P&W for 99 years. The New Haven merged into Penn Central on January 1, 1969. On April 6, 1970, the P&W announced its intention to separate from the merger. After a legal battle, the Interstate Commerce Commission approved the request on August 25, 1972, and, on November 2, Penn Central signed the agreement, effective December 30. The P&W cancelled the lease on February 3, 1973. Since then, the P&W has taken over many other lines from the former Penn Central in addition to several from the Boston and Maine Railroad. On March 17, 2013, a freight derailed in New Haven, Connecticut, blocking Amtrak's Northeast Corridor.
The P&W was incorporated in Massachusetts as the Providence and Worcester Railway on March 12, 1844, and as the Providence and Worcester Railroad in Rhode Island in May 1844. The two companies were merged November 25, 1845 as the Providence and Worcester Railroad. The company bought the Blackstone Canal, also running between Providence and Worcester, and began construction, partly on its banks, in 1845. The line opened in two sections, the part south of Millville on September 27, 1847, and the rest on October 20. The line from Providence to Central Falls was shared with the Boston and Providence Railroad, which at the same time built a connection from its old line (ending in East Providence) over to the P&W.
On July 1, 1892, the New York, New Haven and Hartford Railroad leased the P&W for 99 years. The New Haven merged into Penn Central on January 1, 1969. On April 6, 1970, the P&W announced its intention to separate from the merger. After a legal battle, the Interstate Commerce Commission approved the request on August 25, 1972, and, on November 2, Penn Central signed the agreement, effective December 30. The P&W cancelled the lease on February 3, 1973. Since then, the P&W has taken over many other lines from the former Penn Central in addition to several from the Boston and Maine Railroad. On March 17, 2013, a freight derailed in New Haven, Connecticut, blocking Amtrak's Northeast Corridor.
Successor/Parent History: Known today as the largest of the shortline holding companies, Genesee & Wyoming began as a shortline by that name in 1899 with a 15 mile line between Retsof and Caledonia, New York, just south of Rochester. In 1982, they extended southward to Greigsville by buying a former Lackawanna line from Conrail. In 1985, another purchase extended their reach north to Rochester and southwest to Silver Springs. This brought the mileage up to about 90. The Wyoming in the name is a reference to the Wyoming Valley.
In 1977, the railroad set up Genesee & Wyoming Inc. as a parent company. In 1985, they began to buy other shortlines and launch new ones as various Class One routes came up for sale or lease. Each of these lines operates under their own names but share the orange, yellow and black GNWR paint scheme, variations of which have been used by GNWR for decades. The logos of these related lines also use the GNWR style but with different wording and the occasional personalized element.
As of this writing, the Genesee & Wyoming family includes 121 shortline and regional railroads spread across North America, Europe and Australia. As of 2019, G&W became a subsidiary of Brookfield Infrastructure Partners. G&W has also bought other shortline groups, notably Rail Link in 1996, Summit View (the Ohio Central System) in 2008, Rail Management in 2005,.CAGY Industries in 2008, and largest of all RailAmerica in 2012.
Ironically, the Genesee & Wyoming Railroad was merged into the Rochester & Southern in 2003. The GNWR exists as a paper railroad but the logos on the diesels patrolling the old GNWR now say Rochester & Southern or the neighboring Buffalo & Pittsburgh.
In 1977, the railroad set up Genesee & Wyoming Inc. as a parent company. In 1985, they began to buy other shortlines and launch new ones as various Class One routes came up for sale or lease. Each of these lines operates under their own names but share the orange, yellow and black GNWR paint scheme, variations of which have been used by GNWR for decades. The logos of these related lines also use the GNWR style but with different wording and the occasional personalized element.
As of this writing, the Genesee & Wyoming family includes 121 shortline and regional railroads spread across North America, Europe and Australia. As of 2019, G&W became a subsidiary of Brookfield Infrastructure Partners. G&W has also bought other shortline groups, notably Rail Link in 1996, Summit View (the Ohio Central System) in 2008, Rail Management in 2005,.CAGY Industries in 2008, and largest of all RailAmerica in 2012.
Ironically, the Genesee & Wyoming Railroad was merged into the Rochester & Southern in 2003. The GNWR exists as a paper railroad but the logos on the diesels patrolling the old GNWR now say Rochester & Southern or the neighboring Buffalo & Pittsburgh.
Brief History: The U.S. is a country of 50 states covering a vast swath of North America, with Alaska in the northwest and Hawaii extending the nation’s presence into the Pacific Ocean. Major Atlantic Coast cities are New York, a global finance and culture center, and capital Washington, DC. Midwestern metropolis Chicago is known for influential architecture and on the west coast, Los Angeles' Hollywood is famed for filmmaking.
Item Links: We found: 4 different collections associated with Providence & Worcester - Railroad
- Collection N Scale Model Trains: 101 different items.
- Collection HO Scale Model Trains: 1 different items.
- Collection Transportation Companies: 3 different items.
- Collection Z Scale Trains: 1 different items.
Item created by: gdm on 2017-10-10 09:58:06. Last edited by gdm on 2021-07-27 08:39:40
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