The following are the minutes from the March 20th SMART meeting where the G.M. r. Mansorian was asked about NWP Co. profitability.

Director Rogers asked is SMART had a staffing cost if the Board was to approve; also, can another entity run freight? Mr. Mansourian responded that the estimated $10 million maintenance cost that we asked for includes staffing, maintenance, and capital needs. It will be the Board’s decision if other entities can run freight.
Director Naujokas stated that the State strongly believes in the contributions that SMART can solve regional transportation problems and is willing to give the gift of the right-of-way and freight service. He asked what is the process of backing out if at any time during the freight service SMART is not receiving revenue or profit. Mr. Mansourian responded that Surface Transportation Board (STB) requires SMART to continue to service any reasonable customer and currently, NWPCo serves four customers that will require service by rail or other alternative transportation. Mr. Bosco confirmed Mr. Mansourian’s response. They have endured two CEQA lawsuits and they have been dismissed. SMART can be much more
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profitable than NCRA has been........The G says..........alternative transportation" I don't think he is talking about carrier pigeons.