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Come mid-May, Providence and Worcester Railroad Co.'s (PWRR) common stock no longer will be listed on the American Stock Exchange. The regional's board recently approved a plan to transfer the listing to The NASDAQ Stock Market L.L.C. on May 14. PWRR's stock will trade under NASDAQ symbol "PWX."

"We believe that NASDAQ's electronic multiple market maker structure will provide our company with enhanced exposure and liquidity," said PWRR President P. Scott Conti in a prepared statement.

Formed in 1973, PWRR operates a 545-mile line running through Massachusetts, Rhode Island, Connecticut and New York, and operates two intermodal yards in Worcester, Mass.