ACL Delivers on Time in 2007

Wednesday, January 02, 2008
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."

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

U.S. Drillers Add Rigs Despite Crude Collapse

U.S. energy firms added 5 oil rigs this week after putting 21 rigs into service last week, the most in over a year, despite a collapse in U.S. crude prices from recent highs in June,

DryShips Reaches Agreement with Ocean Rig

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its subsidiary, Ocean Rig UDW Inc.

South China Sea Hotline in the Works

China and Southeast Asian nations have agreed to set up a foreign ministers' hotline to tackle emergencies in the disputed South China Sea, a senior official of

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1094 sec (9 req/sec)