ACL Announces Proposed Wage Increase for Shipyard Employees

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.