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. (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 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
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) has entered into a new $400m bank revolving credit facility led by Wells Fargo Bank as administrative agent. The revolver has a five year term, a variable interest rate based on LIBOR and varies with ACL's level of debt to EBITDA. The variable interest rate spread at closing was 62.5 basis points over LIBOR. The new credit facility replaces the existing $250 million asset based facility that was entered into on February 11
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
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.
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.
American Commercial Lines (ACL) select Cat® C280 marine engines for repowering six of their towboats. The first vessels being repowered are the MV J. Russel Flowers and the MV Thurston B. Morton. Cat dealer Whayne Power Systems is assisting with the repower project
American Commercial Lines (ACL) has selected Cat C280 marine engines for repowering six of their towboats. Bill Foster, ACL vice president Boat Maintenance, commented, "We are making significant investments in our fleet to improve reliability and performance
American Commercial Lines (ACL) is pleased to announce that it will begin transporting crude oil by barge on the U.S. inland waterways for MEG Energy (U.S.) Inc. (MEG Energy), a subsidiary of the Canadian oil company MEG Energy Corp.
After a quarter of a century, EBDG leads the U.S. ferry market and begins a new journey as a unique employee-owned company. Elliott Bay Design Group (EBDG) celebrates its 25th anniversary and a successful first year following a management buyout by nearly half its employees
American Commercial Lines Will Transport Petroleum Products by Inland Barge for SeaRiver Maritime Inc. American Commercial Lines (ACL) is pleased to announce that it has entered into an agreement with SeaRiver Maritime Inc., a marine affiliate of Exxon Mobil Corporation
American Maritime Partnership (AMP) member, Crowley Maritime Corp. distributes the following announcement: The long-awaited General Accountability Office (GAO) study on the Jones Act in Puerto Rico shows that the U.S. domestic container shipping fleet has provided regular
Crowley is a member of The Puerto Rico Maritime Alliance, which consists of representatives of U.S. flag carriers and labor unions constituting the US Merchant Marine. The Maritime Alliance of Puerto Rico (AMPR) has announced that the GAO Study released yesterday determined the Jones
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
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