American Commercial Lines Inc. announced plans to increase wage rates for hourly production and maintenance employees at the Company’s Jeffersonville, Indiana manufacturing
facility by an average of approximately 11% this year, including a more than 15% wage increase for certified welders. The Company’s proposal increases the hourly wage rate for certified welders to $19.50 per hour. This new wage plan was presented to General Drivers, Warehousemen & Helpers (Teamsters), Local Union No. 89 as part of a comprehensive bargaining proposal. Implementation will occur when a new collective bargaining agreement is ratified. The Company is engaged in negotiations with Local 89 for a new labor agreement at the Jeffersonville facility. The current agreement expires on April 1, 2007.