American Commercial Lines Inc.
(ACL) announced that it achieved an 86% on-time delivery performance during 2007 for scheduled service. In addition to being the lowest cost, cleanest, safest and most fuel-efficient mode of transportation in the U.S., ACL has now established its scheduled barge transportation service
as a reliable source of transportation.
Commenting on this performance, Mark R. Holden
, President and Chief Executive Officer, said "This is perhaps our most important achievement over the past three years, transforming ACL from a barge operator into
an advanced transportation company. By establishing barge transportation
as a reliable source of transportation, we broaden our available markets. Barge transportation has, historically, handled approximately 16% of the annual 3.8 trillion U.S. freight ton miles with the remainder moving by truck, rail, air, or pipeline. Operating a reliable transportation service
has the effect of increasing our markets from 16% to over 85% of the approximate $750 billion transportation market
. This type of performance further establishes the foundation for organic growth within ACL's transportation business