New York Regional Rail Corporation - NYRR- Profile

New York Regional Rail Corporation. The Group's principal activity is to operate an ICC certified railroad through its majority-owned subsidiary, New York Cross Harbor Railroad Terminal Corporation. The Group Operates in two segments: Railroad Operations and Trucking Operations. The Group transports and delivers rail traffic via barges across New York Harbor and the East River, thus connecting the Long Island Railroad and other lines. In addition, it receives and delivers railcars at certain industrial facilities located on partially owned and partially leased track located in Brooklyn, New York and Jersey City, New Jersey. The Group also operates regional trucking company, which is in the business of short-haul freight transportation and landfill management. In February 2004, the Group acquired remaining 49% interest in JS Transportation, Inc. Trucking Operations accounted for 83% of 2004 revenues and Railroad Operations, 17%