Pioneer Lines Explained

Pioneer Lines
Industry:Rail transport
Predecessor:Pioneer Railcorp
Founded:[1]
Founder:Guy L. Brenkman
Fate:Acquried by Patriot Rail Company
Successor:Patriot Rail Company
Hq Location City:Greenwood Village, Colorado
Hq Location Country:United States
Areas Served:-->

Pioneer Lines (formerly Pioneer Railcorp)[2] [3] was a holding company for a number of American short-line railroads. Other subsidiaries offered locomotive and freight car leasing to its own railroads and to third parties, and also freight car cleaning. Pioneer Lines also had interests in real estate and newsletter publishing.[4] It was previously owned by BRX Transportation Holdings starting in 2019.[5]

The company, originally named Pioneer Railroad Company, was founded on January 30, 1986 by Guy L. Brenkman.[1] The company raised the capital for its first acquisition through a self-underwritten public stock offering. It continued this method of raising capital for subsequent acquisitions.

Almost all of the short lines owned by Pioneer are lines spun off by Class I railroads.

On August 8, 2022 Patriot Rail Company announced its intention to acquire Pioneer Lines.[6] The company was acquired by Patriot Rail on September 14, 2022. [7]

Railroad subsidiaries

Pioneer Lines formerly operated 15 railroads in 12 states:[8]

Former railroads

External links

39.6123°N -104.893°W

Notes and References

  1. Web site: Pioneer Lines Inc . . 10 April 2022.
  2. Web site: New Name for Pioneer . Railway Age . 6 May 2021.
  3. Web site: Pioneer Railcorp Announces Name Change to Pioneer Lines . Pioneer Lines . 6 May 2021.
  4. Web site: Pioneer Lines - Services . Pioneer Lines . 2 May 2021.
  5. News: BRX Transportation Holdings completes Pioneer Railcorp acquisition . 5 February 2022 . Railway Technology . 1 August 2019.
  6. News: Patriot Rail to Acquire Pioneer Lines . . 9 August 2022.
  7. Web site: . September 14, 2022 . Patriot Rail Completes Acquisition of Pioneer Lines . 2023-07-12 . . en .
  8. Web site: Locations . Pioneer Lines . 15 March 2022.