Projo Biz Blog

Providence and Worcester Railroad Company (PWX:AMEX) said its directors have approved the decision to transfer the listing of its common stock from the American Stock Exchange to the NASDAQ stock market.

Effective May 14, the company will trade under the symbol (PWX:NASDAQ).

P. Scott Conti, president, said, "We believe that NASDAQ’s electronic multiple market maker structure will provide our company with enhanced exposure and liquidity. As the world’s largest electronic stock market, NASDAQ attracts leading growth companies from a diverse group of sectors."

P&W, based in Worcester, is a regional freight railroad operating in the states of Massachusetts, Rhode Island, Connecticut and New York.

By agreement with a private operator, P&W also operates two approved custom-bonded intermodal yards in Worcester, primarily for the movement of container traffic from the Far East destined for points in New England.

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