TheProvidenceand Worcester Railroad (Nasdaq: PWX) and the New England Central Railroad, part of the RailAmerica (NYSE: RA) family which operates extensively in Vermont, have announced the establishment of the Great Eastern Route, a new coordinated commercial and operating platform. This new strategic alliance is being developed to increase our collective business with both Canadian National and Canadian Pacific to rail customers in southern New Englandand to enhancetheirglobal access through our port facilities.
Over the past 5 years the NECR and P&W have jointly invested significant capital in the infrastructure along with the States ofVermont,New Hampshire,Rhode Islandand the federal government. These investments enhance our service and combined with this new commercial and operating relationship will provide the basis for a greatly improved customer experience aimed at growing our collective business across all commodity lines.
The alliance recently hosted inspection trains with ourCanadianClass I partners and looks forward to establishing new and improved supply chains throughout the region.
RailAmerica, Inc. owns and operates short-line and regional freight railroads inNorth America, operating a portfolio of 43 individual railroads with approximately 7,400 miles of track in 27 US states and three Canadian provinces. P&W is a regional freight railroad operating inMassachusetts,Rhode Island,ConnecticutandNew York.
SOURCE RailAmerica, Inc.JACKSONVILLE, Fla.,Feb. 14, 2012/PRNewswire/