Tag: short (Page 4 of 5)

Alstom’s Tram Enters Service in Avignon

October 20, 2019 / WIL BALDWIN

Alstom has commissioned its first new-generation Citadis X05 tram in its short version, on the first tramway line of Grand Avignon. The inauguration took place in the presence of Elisabeth Borne, Minister of the Ecological and Solidarity Transition, Renaud Muselier, President of Région Sud, Maurice Chabert, President of the Vaucluse Department, Patrick Vacaris, President of Grand Avignon, Cécile Helle, Mayor of Avignon, Jean-Marc Roubaud, President of Técélys and Jean-Baptiste Eyméoud, President of Alstom France.

“Alstom and its teams are proud to be present at the commissioning of this first tramway line in Avignon. Thanks to their reliability, availability and easier maintenance, we are fully confident in the ability of the 14 Citadis trams to address the major travel challenges of the Agglomeration Community of Grand Avignon. I would also like to thank the members of Grand Avignon for having entrusted us with part of the infrastructural work. This new line will become a showcase for the expertise of the French rail sector,” said Jean-Baptiste Eyméoud, President of Alstom in France.

24 metres long, equipped with 4 double doors on each side, the Citadis X05 tram for Grand Avignon will be able to carry more than 140 passengers. The full low floor and double doors facilitate accessibility and passenger exchange in stations. Everything has been designed for a pleasant travel experience: large bay windows covering 40% of the tram, LEDs with diffusers for soft, homogenous lighting, a state-of-the-art information system, large seats, air conditioning, and a video protection system.

Citadis X05 has standardised, proven, more accessible components, providing residents of the Avignon area with reliable, readily available material. Citadis X05 is particularly energy efficient and up to 99% recyclable.

Alstom offers a wide range of products and services and has also provided the tracks (studies, supply and assembly), the 750 V electrical substation and 6 km of overhead contact lines (studies, supply, installation and testing) in partnership with TSO.

Seven of Alstom’s thirteen sites in France are involved in the design and manufacture of the tram for Grand Avignon: La Rochelle (for the design and assembly of the trams), Ornans (for the engines), Le Creusot (for the bogies), Tarbes (for the traction drive equipment), Valenciennes (for the control system and interior layout), Saint-Ouen (for the design and infrastructure activities) and Villeurbanne (for the on-board electronic systems).

ATR Launches Short Take-Off and Landing 42-600’S

October 11, 2019 / WIL BALDWIN

Leading turboprop manufacturer’s Board of Directors approves the launch of brand new STOL version

Juan-les-Pins, 9 October 2019 – ATR, the world number one regional aircraft manufacturer, confirms it has received authorisation from its board of directors for the launch of the ATR 42-600S. With the ‘S’ representing STOL (Short Take-Off and Landing), this new version of the ATR 42-600 offers take-off and landing capabilities on runways as short as 800m with 40 passengers on board in standard flight conditions (*). This makes the ATR 42-600S the best performing aircraft in this segment.

To-date, ATR has recorded 20 commitments from operators and lessors for this ATR 42-600S variant. This includes Elix Aviation Capital as the launch lessor and Air Tahiti as the launch operator, as announced on the occasion of the Paris Air Show 2019.

The 42-600S is a brand new addition to the company’s aircraft family, alongside the founding members ATR 42-600 and ATR 72-600, and the forthcoming ATR 72-600F cargo variant. The ATR 42-600S’ certification, is expected for the second half of 2022, with the first delivery expected immediately after.

ATR Chief Executive Officer Stefano Bortoli, commented: “Adding the ATR 42-600S to our family makes total sense and paves the way for the company’s future. There is a huge potential for 50-seater aircraft and the ATR 42-600S could help airlines widen their horizons, as it can reach up to around 500 new airports across the globe. This is clear illustration of our dedication in helping more people and more remote communities benefit from being part of a connected world and in a sustainable way.”

The principal modifications for the 42-600S will concern the introduction of a larger rudder, which allows increased control of the aircraft at lower speeds. The new version will continue to use the same engine as both the ATR 42 and 72. The ATR 42-600S will, however, allow pilots to be able to select between the ATR 42 and 72 engine ratings, meaning the aircraft can use increased power for performing STOL operations, or elect to operate more efficiently with less power on longer runways. The ATR 42-600S will also be able to symmetrically deploy its spoilers to improve braking efficiency on landing. It will also come with an autobrake system which will ensure that the full braking power occurs immediately upon landing.

With this new version, ATR forecasts to expand the addressable market by 25%, targeting new routes and the 30-seater STOL segment. There is a strong interest from airlines for a new 50-seater product capable of operating in more constraint conditions. Close to 500 airports have a runway comprised between 800-1,000m and could welcome the ATR 42-600S. The launch of this aircraft will benefit both passengers and airlines thanks to the increased regional connectivity that it will bring.

*15°C airfield temperature, sea level, dry paved runway and a route of 200NM.

S. Korea Display F-35 Stealth Jets seen by the North as a Threat

September 30, 2019 / WIL BALDWIN

SEOUL, Oct 1 (Reuters) – South Korea showcased newly acquired F-35 stealth fighter jets to mark Armed Forces Day on Tuesday as President Moon Jae-in tried to allay concerns that his policy of engagement with North Korea would weaken the South’s commitment to defence.

At an event marking the founding of the South Korean military, Moon said South Korean fighter jets conducted patrol flights offshore, including over islands at the centre of a bitter territorial dispute with Japan.

North Korea has criticised the South’s weapons procurements and its joint military drills with the U.S. military as undisguised preparations for war that are forcing it to develop new short-range missiles.

Moon has thrown his support behind dialogue to end the North’s nuclear and ballistic missile programmes, urging that working-level negotiations between the North and the United States be held soon. No new dates or locations have been set.

Moon marked Armed Forces Day at a ceremony at an airbase in the city of Daegu that highlighted four of the eight Lockheed Martin F-35A jets delivered this year. Forty of the aircraft are to be delivered by 2021.

During the event, an F-15K jet patrolled over the islands claimed by both South Korea and Japan and called Dokdo in Korea and Takeshima in Japan.

Moon made no direction mention of North Korea or Japan but said today’s security climate was highly unpredictable, requiring strength and innovation.

“As the recent drone attack in the Middle East region demonstrated to the world, the challenges that we will face will be entirely different from those of the past,” he said in an address to the military. “The war of the future will be a fight of science and intelligence against all elements that threaten our people’s safety and property.”

Analysts have said the F-35 stealth jets put North Korea’s anti-aircraft and anti-missile defence systems in a vulnerable position.

Negotiations aimed at dismantling North Korea’s nuclear and missile programmes have stalled since a second summit between U.S. President Donald Trump and North Korean leader Kim Jong Un broke down in February over disagreements on denuclearisation.

North Korea blamed the United States on Monday for a failure to restart talks, with Pyongyang’s U.N. ambassador Kim Song saying it was time for Washington to share proposals for talks that showed Washington had adopted a new “calculation method”.

South Korea and the United States have separately begun talks for a new military burden-sharing agreement to decide how much South Korea will pay for stationing what is now about 28,500 U.S. troops in the country.

Moon told Trump during a summit in New York last week what South Korea would contribute, including an increase in purchases of U.S. weapons and future purchase plans, a senior official at South Korea’s presidential office said.

(Reporting by Joyce Lee Editing by Jack Kim, Paul Tait and Gerry Doyle)

Lufthansa Group Welcomes More Than 14.1 Million Passengers in August, 2019

September 12, 2019 / WIL BALDWIN

Number of passengers rises by 2.9 percent year-on-year
Capacity utilisation up by 0.8 percentage points to 87.2 percent
Strongest passenger growth at Zurich hub

In August 2019, the Lufthansa Group airlines welcomed more than 14.1 million passengers. This shows an increase of 2.9 percent compared to the previous year’s month. The available seat kilometres were up 1.8 percent over the previous year, at the same time, sales increased by 2.7 percent. In addition as compared to August 2018, the seat load factor rose by 0.8 percentage points to 87.2 percent.

Cargo capacity increased by 8.9 percent year-on-year, while cargo sales increased by 1.5 percent in revenue tonne-kilometre terms. As a result, the Cargo load factor showed a corresponding reduction, decreasing by 4.2 percentage points to 58.8 percent.

Network Airlines with around 10.2 million passengers

The Network Airlines including Lufthansa German Airlines, SWISS and Austrian Airlines carried around 10.2 million passengers in August – 3.3 percent more than in the prior-year period. Compared to the previous year, the available seat kilometres increased by 3.1 percent in August. The sales volume was up by 4.0 percent over the same period, with an increasing seat load factor by 0.7 percentage points to 87.3 percent.

Strongest passenger growth at Zurich hub

In August, the strongest passenger growth of the network airlines was recorded at the Zurich hub with 7.0 percent. The number of passengers increased by 4.7 percent in Vienna and by 4.5 percent in Munich. In Frankfurt the number of passengers on the contrary decreased by 0.9 percent. The underlying offer also changed to varying degrees: In Munich the offer increased by 12.1 percent, in Zurich by 2.6 percent and in Frankfurt by 0.3 percent. In Vienna the offer decreased by 1.0 percent.

Lufthansa German Airlines transported more than 6.6 million passengers in August, a 1.8 percent increase compared to the same month last year. A 4.0 percent increase in seat kilometres corresponds to a 4.8 percent increase in sales. The seat load factor rose by 0.7 percentage points to 86.8 percent.

Eurowings increases supply and sales on short-haul routes

Eurowings (including Brussels Airlines) carried around 3.9 million passengers in August. Among this total, around 3.6 million passengers were on short-haul flights and 309,000 flew on long-haul flights. This corresponds to an increase of 1.8 percent compared with the previous year, resulting from an increase of 2.8 per cent on short-haul flights and a reduction of 8.1 per cent on long-haul flights. A 3.5 percent decrease in capacity was offset by a 2.3 percent decrease in sales, resulting in an increase of seat load factor by 1.0 percentage points to 87.0 percent.

In August, the number of seat-kilometres offered on short-haul routes was increased by 1.5 per cent, while the number of seat-kilometres sold increased by 3.5 per cent over the same period. This results in a seat load factor of 87.1 per cent, which is 1.7 percentage points higher on these flights. On long-haul flights, the seat load factor decreased by 0.4 percentage points to 86.6 per cent over the same period. The 13.4 per cent decrease in capacity was offset by a 13.8 per cent decrease in sales.

Swedish Air Ambulance Acquires Six Pilatus PC-24’s

August 23, 2019 / WIL BALDWIN

After a long period of intensive and very professionally conducted negotiations, the “Kommunalförbundet Svenskt Ambulansflyg” (KSA) has opted for six Pilatus PC-24s in a fully equipped air ambulance configuration. These PC-24s will provide aeromedical care across Sweden from 2021.

KSA is a national organisation formed, mutually owned and financed by all 21 regions in Sweden. The regions are responsible for ensuring that everyone living in Sweden has equal access to good healthcare. Time is the essence for patients in an emergency and given the vastness of Sweden, the establishment of a national air ambulance service provides all residents with access to rapid, professional aeromedical care. Combining the speed of a jet with the ability to use short runways – one of the great strengths of the PC-24 – the Super Versatile Jet from Pilatus is the ideal aircraft for KSA.

Professional selection process

Following an extremely intensive selection process, Pilatus was naturally extremely pleased with the award of the contract for delivery of six PC-24s. The aircraft are scheduled for delivery to KSA in 2021.

Oscar J. Schwenk, Chairman of Pilatus, commented as follows: “I’m delighted to see the first air ambulance organisation in Europe opt to buy the PC-24. The highly professional selection process confirmed that the PC-24 is indeed the perfect aircraft for medevac missions. I’m also particularly happy that we managed to carry the day with our Swiss aircraft in a highly competitive market segment. We see further worldwide market potential for our PC-24 in this area.”

A successful cooperation will be ensured

Annika Tännström, Chairman of KSA, commented as follows: “We are very pleased to be able to announce that we have completed our procurement of air ambulance aircraft, and to award Pilatus the contract. The fleet of PC-24 aircraft will allow us to fulfil the needs of all regions in Sweden in terms of air ambulance transports. We look forward to deliveries in 2021!”

Andreas Eriksson, CEO of KSA, added: “By signing the contract with Pilatus today, Svenskt Ambulansflyg has passed a major milestone on the way towards establishing a national air ambulance with start of operations in 2021. The performance and capacity of the PC-24 combined with the spacious and easily re-configurable emergency medical service equipped cabin will allow us to conduct the required air ambulance missions safely and efficiently. We look forward to a close and successful cooperation with Pilatus.”

About the Medevac PC-24

The outstanding flexibility of the PC-24 opens up many possibilities for deployment of this aircraft on Medevac missions. The spacious cabin can accommodate up to three patients plus medical personnel. The large cargo door also facilitates rapid loading and unloading of patients. These characteristics, plus the PC-24’s capacity to use short runways, make it the ideal aircraft for all our Medevac missions. KSA is the second public sector organisation after the Royal Flying Doctor Service of Australia to use the PC-24 as an ambulance aircraft. The Super Versatile Jets operated by KSA will fly a total of around 6,000 hours a year on rescue missions.

Pioneer Railcorp Shareholders Approve Merger with BRX

July 19, 2019 / WIL BALDWIN

PEORIA, Ill., 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:

Under the terms of the merger agreement, BRX will acquire through merger all of the outstanding shares of Pioneer’s Class A common stock. Shareholders other than Heartland will receive $18.81 per share in cash and the Heartland shares will be cancelled without consideration.

Consummation of the merger remains subject to various closing conditions, including operating performance by Pioneer within a specified working capital floor and debt ceiling. Subject to satisfaction of the closing conditions, the transaction is expected to close in late July 2019. Upon closing of the transaction, Pioneer will become a wholly-owned subsidiary of BRX and its Class A common stock will cease trading on the OTC Markets.

Arnold & Porter is acting as legal advisor to BRX in this transaction. BMO Capital Markets is serving as exclusive financial advisor to Pioneer in connection with this transaction and Briggs and Morgan, P.A. is acting as Pioneer’s legal advisor.

About Pioneer
Pioneer Railcorp is the parent company of 15 short-line common carrier railroad operations, an equipment leasing company, two service companies and a contract services switching company. Pioneer and its subsidiaries operate in the following states: Alabama, Arkansas, Georgia, Illinois, Indiana, Iowa, Kansas, Michigan, Mississippi, Ohio, Pennsylvania and Tennessee. For more information on Pioneer, please visit www.Pioneer-Railcorp.com

About Brookhaven
Brookhaven Rail Partners is an affiliate of Denver-based Brookhaven Capital Partners, a privately held, real estate and infrastructure investment and management firm. Brookhaven and its principals have a 25-year track record of investing in, operating and developing critical transportation assets that support industry, and promote new economic development, community investment, and job creation. For more information on Brookhaven, please visit www.BrookhavenPartners.com

Brookfield, GIC to Buy Railroad Owner Genesee & Wyoming

July 1, 2019 / WIL BALDWIN

July 1 (Reuters) – Canada’s Brookfield Asset Management Inc and Singaporean sovereign wealth fund GIC on Monday agreed to buy U.S. freight railroad owner Genesee & Wyoming Inc for about $6.4 billion in cash.

Brookfield and GIC’s offer of $112 per share represents a premium of 12 percent to Genesee’s closing price on Friday. Genesee shares were up about 8 percent in trading before the bell.

Including debt, the deal is valued at about 8.4 billion, the companies said in a statement.

Genesee & Wyoming’s revenue have increased at a compound annual growth rate of 16.8% since it floated in the stock market in 1996, rising to $2.3 billion in 2018 from $77.8 million, according to Genesee & Wyoming’s latest annual report.

The company owns a portfolio of 120 short-line railroads, predominantly in North America, with operations in Europe and Australia.

Reuters had reported on the deal on Sunday, citing sources.

The deal, which is expected to close by year end or early 2020, would be the latest big leveraged buyout by Brookfield, which agreed last year to buy Johnson Controls International Plc’s power solutions business for about $13 billion.

Citigroup Global Markets Inc served as the financial adviser to Brookfield and GIC, while BofA Merrill Lynch and Morgan Stanley & Co LLC advised Genesee.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Anil D’Silva)

TAROM Selects ATR 72-600 to Renew its Regional Fleet

June 27, 2019 / WIL BALDWIN

Major fleet upgrade with nine modern turboprops providing increased seat capacity, lowest operating costs and best environmental performance

Toulouse, 26 June, 2019 – TAROM, the Romanian national air carrier, will introduce nine new ATR 72-600 aircraft, the market-leading product of the world’s number one regional aircraft manufacturer, into its fleet. The ATR 72-600 will be leased from NAC, the world’s number one regional aircraft lessor. Deliveries will commence in October 2019 through to 2020.

TAROM has been very successful in its domestic market operations by using ATRs to allow it to compete with low cost carriers. This upgrade will ensure that the airline is equipped with the latest generation of turboprops burning 40% less fuel and emitting 40% less CO2 than regional jets.

New ATRs will offer TAROM an additional 330,000 seats every year at the same operating cost as its previous seat level, improving short haul connectivity in Romania and supporting the development of local and more isolated communities. This will provide TAROM with the possibility to further expand and consolidate their position in the market.

TAROM Chief Executive Officer Madalina Mezei said: “We have selected ATR after a comprehensive review of competing aircraft, with the ATR 72-600’s demonstrating they are the best aircraft to meet our ambitious targets regarding efficiency, modern technology and environmental responsibility. With this aircraft, we will be able to develop new routes and increase frequency and seat availability, whilst introducing the highest levels of comfort and the latest technology into our domestic network.”

“We are very proud to welcome TAROM as our newest customer,” said Martin Møller, Chairman of Nordic Aviation Capital “we are confident that the ATR 72-600 aircraft will ensure efficiency in their network for many years to come. We thank TAROM for the confidence they have placed in NAC, and we look forward to building and strengthening our relationship with them in the future.”

Stefano Bortoli, Chief Executive Officer of ATR commented: “TAROM is among Europe’s most experienced ATR operators. We are proud to see this long-time customer renew its partnership with the ATR 72-600, the regional aircraft with the best environmental credentials. TAROM made its selection after a vigorous evaluation and in selecting the ATR 72-600 they chose more efficiency, more flexibility and more capacity, for long-term benefits.”

TAROM and ATR have been working together for 20 years. The Romanian national airline operates a fleet of 25 aircraft, including seven ATR 42-500’s and two ATR 72-500’s which are now to be traded in for the announced nine 72-600’s.

About TAROM:
The Romanian National Air Transport Company TAROM has been established in 1954 and grew at the same time as Romanian aviation. TAROM’s activity is subordinated to the authority of the Ministry of Transports. TAROM is member of the Alliance SkyTeam starting from June 2010, member of the International Air Transport Association (IATA) starting from 1993.

Air Antilles to be First Caribbean Operator of Viking Twin Otters

June 18, 2019 / WIL BALDWIN

Paris, France, June 18th, 2019: Viking Air Limited of Victoria, British Columbia, Canada, and Air Antilles, of Guadeloupe, French West Indies, have signed an agreement for the purchase of two Viking Twin Otter Series 400 aircraft, making Air Antilles the first commercial operator of the Series 400 in the Caribbean. Also forming part of the purchase agreement, Air Antilles will become the first Series 400 Twin Otter operator to receive European Union Aviation Safety Agency (EASA) certification for steep approach operations.

The two Viking-built Series 400 Twin Otters are scheduled for delivery to Air Antilles in the last quarter of 2019 and will be configured as 19-passenger regional commuter landplanes to replace the two legacy de Havilland Series 300 aircraft currently in commercial service with the airline.

With delivery of the Series 400 aircraft, Air Antilles will become the first commercial operator to receive EASA certification for steep approach landings, providing the airline with procedures to operate at approach angles in excess of 4.5 degrees. This is essential for Air Antilles’ scheduled operations to Gustaf III airport in Saint Barthelemy in order to satisfy EASA’s requirements for all commercial aircraft that access the airport to have factory certification for steep approach landings due to the surrounding mountainous terrain.

Eric Kourry, chairman of Guyane Aero Invest, the holding company of Air Antilles, commented, “As an operator of legacy de Havilland Series 300 aircraft for more than a decade, our knowledge of the Twin Otter’s exceptional flight capabilities, ease of maintenance, high dispatch reliability and suitability for our operations made selection of the Viking Series 400 a natural choice for upgrading our fleet.

“As travel tourism in the Caribbean expands, improvements to safety are becoming increasingly important for airlines to retain a competitive advantage. The innumerous improvements made to the new Series 400 will help Air Antilles increase safety and bring added value to their flight operations,” said David Caporali, Viking regional sales director for the Americas. He added, “The Caribbean shows encouraging market opportunities for Series 400 Twin Otter due to its low operating costs, ability to access the many short runways throughout the region, and its ability to support growth of an inter-island commercial transportation network. We highly value Air Antilles’ initiative to be the launch customer for the Series 400 in the region and are confident this relationship will yield many good results for both parties.”

About Air Antilles:

Compagnie Aerienne Inter Regionale Express (CAIRE), created in 2002, is an airline that operates under the name Air Guyane in the French Guiana, and under the name Air Antilles in the Caribbean. Air Antilles is one of the main regional airline companies in the Caribbean with more than 20 destinations in the area. The Twin Otter aircraft essentially serve from Guadeloupe to Saint Barthelemy, with Dominica soon to be added.

*Pictured above: Proposed paint scheme for Air Antilles’ new Series 400 Twin Otters scheduled for delivery at the end of 2019.*

BRX Holdings to buy Pioneer Railcorp for $18.81 Per Share

May 17, 2019 / WIL BALDWIN

PEORIA, Ill., 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.

“We look forward to this next chapter in Pioneer’s journey and anticipate it will have a bright future under new ownership,” said Mike Carr, President and Chief Executive Officer of Pioneer.

“We are excited to partner with Related Infrastructure and to have worked with Pioneer’s management and board on a transaction that brings great value to its shareholders, its customers, and the communities it serves. Pioneer fits perfectly with Brookhaven’s philosophy of identifying opportunities where our hands-on management expertise, proprietary value creation strategies, and deep industry relationships provide us with a competitive advantage and the ability to create value,” said Alex Yeros, Principal of Brookhaven.

Related Infrastructure, a subsidiary of Related Fund Management which has raised over $5 billion of capital across a variety of different investment vehicles and strategies, invests in companies that develop, operate and service transportation infrastructure throughout the United States. Andrew Right, Managing Partner of Related Infrastructure said, “We are pleased to partner with Brookhaven to build a rail-based infrastructure platform. We appreciate the work Mike Carr and his team have done to create the Pioneer portfolio of rail businesses. We look forward to working with Alex and the entire team at Brookhaven, an industry leading team with over 25 years of experience building businesses in the short-line rail industry to further drive expansion of the platform.”

Under the terms of the merger agreement, BRX will acquire through merger all of the outstanding shares of Pioneer’s Class A common stock. Shareholders other than Pioneer’s subsidiary, Heartland Rail Investments LLC, will receive $18.81 per share in cash and the Heartland shares will be canceled without consideration.

In connection with the execution of the merger agreement, certain stockholders of Pioneer, together holding a significant portion of the outstanding shares of common stock of Pioneer, have agreed to vote their shares in favor of the transaction under a voting and support agreement.

The consummation of the merger is subject to various closing conditions, including approval by Pioneer’s shareholders, Surface Transportation Board approval, and operating performance by Pioneer within a specified working capital floor and debt ceiling. The merger is not subject to a financing condition. Subject to satisfaction of the closing conditions, the transaction is expected to close in the third quarter of 2019.

About Pioneer
Pioneer Railcorp is the parent company of 17 short-line common carrier railroad operations, an equipment leasing company, two service companies and a contract services switching company. Pioneer and its subsidiaries operate in the following states: Alabama, Arkansas, Georgia, Illinois, Indiana, Iowa, Kansas, Michigan, Mississippi, Ohio, Pennsylvania and Tennessee. For more information on Pioneer, please visit: http://www.Pioneer-Railcorp.com

About Brookhaven
Brookhaven Rail Partners is an affiliate of Denver-based Brookhaven Capital Partners, a privately held, real estate and infrastructure investment and management firm. Brookhaven and its principals have a 25-year track record of investing in, operating and developing critical transportation assets that support industry, and promote new economic development, community investment, and job creation. For more information on Brookhaven, please visit: http://www.BrookhavenPartners.com

Archives