Jerry Linzey News

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, "The new facility is a significant part of a $10 million capital investment we are making to improve the working environment for our people. The facility dedicated today represents our commitment to creating a safer and more efficient work place. This capital investment substantially reduces the negative impact weather has on our manufacturing operations.

American Commercial Lines Inc. (ACL) announced that shares of common stock granted to certain executives that vested on January 18, 2006 were withheld by the company to satisfy tax withholding obligations of these executives of the company. The withholding of shares is permitted in accordance with the terms of the American Commercial Lines Inc. Equity Award Plan for Employees, Officers and Directors and the American Commercial Lines Inc. 2005 Stock Incentive Plan which allow participants to satisfy their tax withholding obligations with respect to awards granted under those plans. The number of shares withheld by each executive is as follows: Mark R. Holden (President and Chief Executive Officer) – 29,149 shares withheld and W.

American Commercial Lines Inc. announced the formation of JeffLabs, a new business unit focusing on technology applications for the transportation industry. JeffLabs will build upon the strength of ACL's two major holdings, American Commercial Barge Line LLC and Jeffboat LLC. JeffLabs will focus initially on five key areas of opportunity: Safety, Logistics, Regulatory Reporting, Customer Service and Operational Efficiency. Jerry Linzey, Sr. Vice President Manufacturing, said "As an example, applying Telematics for improved logistical tracking will be a key enabler for better productivity and lower operating costs.

American Commercial Lines Inc. announced it has secured a $30 million multi-year contract with Statia Terminals New Jersey, Inc., a division of Valero, LP to build ABS certified ocean tank barges. Construction at Jeffboat LLC, a division of ACL, will start in the fourth quarter of 2006 for deliveries in 2007 and 2008. Commenting on the order, Jerry Linzey, SVP Manufacturing stated, "The addition of Valero, the largest refiner in North America, as a customer is a significant accomplishment. We continue to diversify our business with the increased presence in the coastal transportation equipment market which not only broadens our product offering but also begins to insulate the shipyard from the cyclicality of the inland barge construction market.

American Commercial Lines Inc. announced the addition of 100 hourly positions to work at its shipyard division, Jeffboat LLC, located along the Ohio River in Jeffersonville, In. Jeffboat is the second largest manufacturer of barges in the United States and is in the process of increasing its production volumes. Commenting on this development, Mr. Jerry Linzey, Senior Vice President Manufacturing, stated “We are beginning to see the early stages of a very significant barge replacement cycle for Jones Act companies in the United States. While we expect to reach approximately $140 million in revenue this year at Jeffboat, we anticipate reaching approximately $300 million in revenue in 2007. As a result, we are preparing the shipyard to be able to meet this level of demand.