Peak Asset Management Lowers stake in Providence & Worcester Railroad Company (PWX)

Providence & Worcester Railroad Company (PWX) : Peak Asset Management reduced its stake in Providence & Worcester Railroad Company by 0.63% during the most recent quarter end. The investment management company now holds a total of 41,319 shares of Providence & Worcester Railroad Company which is valued at $669,368 after selling 260 shares in Providence & Worcester Railroad Company , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Providence & Worcester Railroad Company makes up approximately 0.14% of Peak Asset Management’s portfolio.

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Providence and Worcester Railroad Company (P&W) is a regional freight railroad operating in Massachusetts Rhode Island Connecticut and New York. The Company is the interstate freight carrier serving the State of Rhode Island and conducts freight operations over the National Railroad Passenger Corporation’s (Amtrak) Northeast Corridor between New Haven Connecticut and the Massachusetts/Rhode Island border. P&W services the international double-stack intermodal terminal facility in New England in Worcester Massachusetts a strategic location for regional transportation and distribution enterprises. The Company transports a range of commodities for its customers including automobiles construction aggregates iron and steel products chemicals and plastics (including ethanol) lumber scrap metals plastic resins cement coal construction and demolition debris and processed foods and edible foodstuffs such as corn syrup and vegetable oils.

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