ACL to Begin Transporting Canadian Crude Oil
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. (MEGEF)
Crude oil will arrive primarily via pipeline and will be transferred to barges at storage terminals located on the inland waterways for transport by ACL to the Gulf Coast.
ACL is dedicating new tank barges built by its manufacturing division Jeffboat into service for MEG Energy, as well as towboats newly repowered and refurbished for maximum efficiency and reliability.
"We are committed to providing MEG Energy with the highest quality equipment and the highest level of service by our team of experienced and dedicated maritime professionals," Mark Knoy, President and Chief Executive Officer of ACL, stated. "Our investment underscores the value we place on MEG Energy's business. They are an excellent addition to ACL's portfolio as we advance our strategy of diversifying our business mix with a focus on liquids."
Dan Jaworski, ACL's Vice President Liquids Sales, added, "Our ACL team is proud to provide the significant economic and environmental benefits of inland barge transportation for our new, valued customer MEG Energy."
Barges are an efficient, economical, and environmentally friendly mode of transportation. One tank barge has the cargo capacity of 46 rail cars or 144 trucks, an incredible economy of scale that provides significant economic savings. Towboats also consume less fuel and emit far less pollutants than locomotives or trucks, providing clean and green transportation of liquid cargo.
American Commercial Lines Inc. is an integrated marine transportation service company owned by Platinum Equity and operating in the United States Jones Act trades. The Company is headquartered in Jeffersonville, IN, has approximately 2,200 employees and operates a fleet of approximately 120 tow boats and 2,300 barges. The Company is the direct parent of Commercial Barge Line Company.