Pioneer Lines Expands Senior Leadership Team – Company adds industry veteran Tom Hurlbut as CFO

DENVER, CO, May 13, 2021— Pioneer Lines today announced changes to its senior leadership team.Thomas (Tom) Hurlbut has been named Chief Financial Officer. Hurlbut is a 30-year veteran of the railroad industry. He comes to Pioneer Lines from Norfolk Southern where he served in various roles including Vice President and Controller and interim Chief Financial Officer. Other positions included Vice President Audit and Compliance, where he oversaw the ethics and compliance program, and Assistant Vice President Network Planning and Optimization Profitability during the implementation of precision scheduled railroading.

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Pioneer Railcorp Announces Name Change to Pioneer Lines

May 5, 2021—Pioneer Railcorp announced, effective today, it has changed its name to Pioneer Lines. The new “Pioneer Lines” name emphasizes not only its growth as a company but its long-term vision—to provide new lines of business and connections for Pioneer’s customers. The company currently owns and operates 15 railroads and provides railroad-related services such as transloading, switching and storage.

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New railroad spur is key to Union Lumber Company expansion plans

November 30, 2020–  A new business relationship between a century-old New Albany company and a railroad founded 149 years ago could mean significant economic growth for northeast Mississippi. A substantial investment in a just completed railroad spur is expected to help create future growth and profitability for both companies.

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Related, Brookhaven Rail Partners, and Stephens Complete Acquisition of Pioneer Railcorp, A Premier Owner of Short-Line Railroads and Railroad Related Businesses

NEW YORK, NY – July 31, 2019 – Related Fund Management, Brookhaven Rail Partners, and Stephens Capital Partners LLC today announced the acquisition of Pioneer Railcorp (OTC: PRRR, “Pioneer”), a railroad holding company that owns short-line railroads and several other railroad-related businesses including a railroad equipment company and a contract switching services company.

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Pioneer Railcorp Shareholders Approve Merger Agreement With BRX Transportation Holdings

PEORIA, IL, July 19, 2019 /PRNewswire/ — Pioneer Railcorp (OTC: PRRR, “Pioneer”), a railroad holding company that owns short-line railroads and several other railroad-related businesses including a railroad equipment company and a contract switching services company, today announced that its shareholders have approved the previously announced definitive merger agreement with BRX Transportation Holdings, LLC (“BRX”), an entity formed by Brookhaven Rail Partners (“Brookhaven”), Related Infrastructure (“Related”) and Stephens Capital Partners LLC (“Stephens”). The proposal to approve the merger agreement and the transactions contemplated thereby was approved with voting results as follows:

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Pioneer Railcorp Enters Into Merger Agreement To Be Acquired By BRX Transportation Holdings For $18.81 Per Share In Cash

PEORIA, IL, May 17, 2019 /PRNewswire/ — Pioneer Railcorp (OTC: PRRR, “Pioneer”), a railroad holding company that owns short-line railroads and several other railroad-related businesses including a railroad equipment company and a contract switching services company, and BRX Transportation Holdings, LLC (“BRX”), an entity formed by Brookhaven Rail Partners (“Brookhaven“) and Related Infrastructure (“Related”), announced entry into a definitive merger agreement under which BRX will acquire Pioneer for $18.81 per share in cash. The agreement, which has been unanimously approved by Pioneer’s independent directors, represents a premium of approximately 100.7% over Pioneer’s closing stock price on May 16, 2019, the last trading day prior to the announcement of the transaction.

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