American Commercial Lines Inc. (ACL) announced that it will hold its 2007 Annual Meeting of Shareholders on Monday, May 21, 2007, at 1:00 p.m. eastern daylight time at Headquarters, American Commercial Lines Inc., 1701 E. Market Street, Jeffersonville, Indiana.
American Commercial Lines LLC (ACL) has emerged from Chapter 11 protection pursuant to the Plan of Reorganization approved on December 30, 2004 by the United States Bankruptcy Court of Southern Indiana, New Albany Division. Under the terms of the Plan of Reorganization, ACL LLC’s emergence from bankruptcy became effective on January 11, 2005. Equity in ACL LLC was transferred to a new parent company, American Commercial Lines Inc
Shares of American Commercial Lines Inc., a barge operator, spiked in premarket trading after the company raised its 2006 outlook on pricing strength and improved efficiency benefits. Shares rose $2.98, or 5.8 percent, to $54.12 in premarket electronic trading. The stock closed at $51.14 Monday and has traded in a 52-week range of $25.60 to $63.47. Source: AP
American Commercial Lines Inc. announced the dedication of a new enclosed manufacturing facility at its shipyard in Jeffersonville, IN. Associates of Jeffboat and American Commercial Lines participated in a ribbon cutting ceremony to dedicate the new facility. The new building covers the assembly line that is currently producing dry cargo barges. Jerry Linzey, Senior Vice President and Chief Operating Officer stated
American Commercial Lines Inc. (NASDAQ: ACLI) announced that it has closed the previously announced agreement to acquire the assets of Elliott Bay Design Group, Ltd. (“EBDG”) a naval architecture and marine engineering firm. EBDG is located in Seattle, Washington, and has recently opened a second office in New Orleans, Louisiana. The new company, Elliott Bay Design Group LLC, will continue to provide naval architecture
American Commercial Lines Inc. (NASDAQ: ACLI) announced that it has received the 2009-2010 Service Excellence Award from Compass Minerals. The award was presented by Compass Minerals to 18 of its approximately 350 logistics providers at a banquet at the company's headquarters in Overland Park, Kan. on April 28. Recipients of the Service Excellence Award were selected for consistent service excellence, innovation, and logistics solutions during a two-step panel review process
Gary C. Ruff has joined American Commercial Barge Line LLC as fleet manager in the planning center. Ruff, who previously served as logistics manager for Holman Cement, holds a bachelor's degree from Lindenwood College, St. Charles, Miss.
American Commercial Lines Inc. (ACL) said that its Board of Directors has approved a stock repurchase program of up to $150m. The company completed its previous $200 million stock repurchase program in July of this year, representing approximately 7.8m shares of its common stock.
American Commercial Lines Inc. (NASDAQ: ACLI) announced the promotion of Dan Jaworski to the position of National Director, Marine Assurance and Vetting. Jaworski has been with ACL since 1981 and has held a series of senior commercial positions with the company in the liquids sector. In his new role, Jaworski will remain located in Houston, Texas and will now report to Bill Braman, Vice President and General Manager, Transportation Services.
The Offshore Marine Service Association (OMSA) announced the appointment of James Adams as interim President and Chief Executive Officer. Adams’ appointment followed the resignation of Ken Wells, who has led OMSA since 2004. Wells left the organization in order to pursue other opportunities. Otto Candies, III, the chairman of OMSA’s board of directors stated, “We are sorry to see Ken go as he has served our organization and members energetically for six years
American Electric Power (AEP) has signed an agreement to sell its commercial barge transportation subsidiary, AEP River Operations LLC, to American Commercial Lines (ACL), owned by Platinum Equity, for approximately $550 million. AEP River Operations is a commercial inland barge company
Marine transportation service company American Commercial Lines (ACL) announced it has acquired commercial inland barge company AEP River Operations from American Electric Power (AEP). AEP River Operations is based in Chesterfield, Mo., with operations in Paducah, Ky
After nine years of operation in the harsh, abrasive waters of Alaska’s Yukon River, aboard Inland Barge Service’s push boat Ramona, Thordon Bearings’ RiverTough water-lubricated tail-shaft bearing system has emerged completely free of wear and tear, according tot the manufacturer
ZF Marine, the marine business unit of the global ZF Group, said it has secured a new location for its Gulf of Mexico/Inland Waterway sales and service operations. The company opened its wholly owned location in the greater New Orleans area in late 1996
American Commercial Lines (ACL) has been selected to serve as a representative on the Inland Waterways Users Board (IWUB), an advisory board established to monitor the Inland Waterways Trust Fund (Fund) and make recommendations to the Army Corps of Engineers and to Congress on investment
USA Maritime praises the House of Representatives for rejecting the Royce-Engel amendment that would have dramatically altered the existing PL 480 Food for Peace Program. The action in the House, according to USA Maritime Chairman James Henry
American Commercial Lines Inc. (ACL), a U.S. marine transportation service company, was presented with Environmental Achievement Awards by the Chamber of Shipping of America (CSA) at a reception held Wednesday, November 13 in Washington, D.C
Domestic Maritime Industry Worth More than $9.6 Billion to Florida Economy. Florida ranks second among all states in domestic maritime jobs, according to a new study by PricewaterhouseCoopers (PwC) for the Transportation Institute and released by the American Maritime Partnership (AMP)
American Commercial Lines presented Marine Environmental Stewardship Awards on Wednesday, July 16 in Houston, Texas, recognizing 35 customers for safe handling of chemicals, petroleum products and other liquid cargos. The customers recognized by ACL safely handled over two billion gallons of
Thomas Paine, the new 50-ft. aluminum patrol boat that joined the Massachusetts Environmental Police fleet in July, is the first commercial vessel in North America to be powered by Volvo Penta IPS propulsion. Built by Metal Craft Marine Inc
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Following the previous announcement regarding two group presidents’ retirements and new responsibilities for another group president, Caterpillar Inc. today announced related changes at the vice president level, including the retirement of Vice President Steve Gosselin.
Following the previous announcement regarding two group presidents’ retirements and new responsibilities for another group president, Caterpillar Inc. (NYSE: CAT) today announced related changes at the vice president level, including the retirement of Vice President Steve Gosselin.
On December 10, 2014, SCI launched a major initiative to transform training for America’s inland mariners at its Center for Maritime Education in Paducah, KY. The day before its 15th Annual River Bell Awards ceremony, the Seamen’s Church Institute (SCI) pushed the proverbial
Seamen’s Church Institute (SCI) launched an initiative on December 10, 2014 aiming to transform training for America’s inland mariners at its Center for Maritime Education in Paducah, KY. The day before its 15th Annual River Bell Awards ceremony