United States
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report: July 11, 2007
PROVIDENCE AND WORCESTER RAILROAD COMPANY
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(Exact name of registrant as specified in its charter
Rhode Island 0-16704 05-0344399
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(State of incorporation (Commission (IRS Employer Iden-
or organization) File Number) tification No.)
75 Hammond Street, Worcester, Massachusetts 01610
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(address of principal executive offices) (Zip Code)
Registrant's telephone number: 508-755-4000
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N/A
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(Former name or former address, if changed since last report)
ITEM 8.01 Other Events
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By press release dated July 11, 2007 the Registrant announced to the
general public that it has entered into an eight-year collective
bargaining agreement with the Brotherhood of Railroad Signalmen
("BRS"), whose members constitute all of the Company's maintenance
crafts including maintenance of equipment, maintenance of way and
communications and signals departments.
A description of the foregoing is contained in the press release
referred to above, a copy of which is attached hereto as Exhibit 20
and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
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The following exhibit is filed with this report:
Exhibit 20 - Press Release dated July 11, 2007
Signature
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereto duly authorized.
Providence and Worcester
Railroad Company
By: /s/ Robert J. Easton
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Robert J. Easton, Treasurer and
Chief Financial Officer
Date: July 11, 2007
2
Exhibit 20
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Providence and Worcester Railroad Company
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Providence and Worcester Railroad Company
Contact: Marie A. Angelini
75 Hammond Street
Worcester, MA 01610
Phone (508) 755-4000, ext. 365
Fax (508) 795-0748
Press Release
Providence and Worcester Railroad Company
Announces Labor Agreement
Worcester, MA, July 11, 2007, Providence and Worcester Railroad Company
(AMEX: "PWX") today announced that it has entered into an eight-year collective
bargaining agreement with the Brotherhood of Railroad Signalmen ("BRS"), whose
members constitute all of the Company's maintenance crafts including maintenance
of equipment, maintenance of way and communications and signals departments.
P. Scott Conti, the Company's President, said, "We are pleased with the
results of the negotiations and believe this agreement is good for both the
Company and the Union."
In August 2006, the Company announced that it had entered into an
eight-year agreement with the Transportation Communications International Union,
which represents all the Company's clerical employees and, in October 2005, the
Company announced that it had entered into an eight-year agreement with the
United Transportation Union, which represents all of the Company's train service
employees.
The Company is a regional freight railroad operating in the states of
Massachusetts, Rhode Island, Connecticut and New York. The Company transports a
wide variety of commodities, including construction aggregate, iron and steel
products, chemicals, lumber, scrap metals, plastic resins, cement, coal,
construction and demolition debris, processed foods and edible food stuffs, such
as frozen foods, corn syrup and animal and vegetable oils. By agreement with a
private operator, the Company also operates two approved custom bonded
intermodal yards in Worcester, MA, primarily for the movement of container
traffic from the Far East destined for points in New England.
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This release contains "forward-looking statements" within the meaning of section
21E of the Securities and Exchange Act of 1934, as amended. These
forward-looking statements represent the Company's present expectations or
beliefs concerning future events. The Company cautions that such statements are
necessarily based on certain assumptions which are subject to risks and
uncertainties, including, but not limited to, changes in general economic
condition, and changing competition which could cause actual results to differ
materially from those indicated herein. Further information on these risk
factors is included in the Company's filings with the Securities and Exchange
Commission.
Contact Person: P&W: Marie A. Angelini
(508) 755-4000 (x365)