Commercial Barge Line Company News

Company announces offering of $650 million senior secured term loan. Commercial Barge Line Company  announced results for the quarter and year ended December 31, 2012. For the year, the Company reported total revenues of $811.6 million and Adjusted EBITDAR of $232.1 million. Compared to 2011 results, revenues declined $41.4 million, or 4.9%, while Adjusted EBITDAR improved by $57.8 million, or 33.2%. For the quarter, total revenues were $207.9 million compared to $244.5 million in 2011 and Adjusted EBITDAR was $62.8 million compared to $60.3 million in 2011. Commenting on the results, Mark Knoy, President and Chief Executive Officer…

American Commercial Lines Will Transport Petroleum Products by Inland Barge for SeaRiver Maritime Inc. American Commercial Lines (ACL) is pleased to announce that it has entered into an agreement with SeaRiver Maritime Inc., a marine affiliate of Exxon Mobil Corporation, to provide petroleum barge transportation services on the U.S. inland waterways. As of January 1, 2013, ACL has entered into a multi-year agreement with SeaRiver to transport liquid cargoes via its mainline service and in unit tows. "We look forward to partnering with SeaRiver to transport ExxonMobil cargoes on the inland waterways," Mark Knoy, President and Chief Executive Officer of ACL, stated.

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. 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…

American Commercial Lines Inc. (ACL), one of the largest and most diversified inland marine transportation and service companies in the United States, announced today the appointments of Mark Knoy as President and Chief Executive Officer and David Huls as Senior Vice President and Chief Financial Officer. Industry veteran Mark Knoy, 52, is joining ACL following a seventeen year career at AEP River Operations, LLC, a subsidiary of American Electric Power Co., Inc., where he spent the last ten years serving as President. Under Mr. Knoy's leadership AEP River Operations grew to become one of the nation's largest and most successful barge lines. "Mark brings to ACL many years of profitable growth on the inland waterways," said Bryan Kelln, President of Portfolio Operations at Platinum Equity.

American Commercial Barge Line Company (ACBL) and MBLX, Inc. announce the formation of BargeLink, a joint venture company providing river barge logistics, barge brokering, electronic rate requests and tracking services for full barge load cargoes. Based in the New Orleans offices of MBLX, BargeLink supplies a broad range of barge-related services, including ocean transportation, customs clearance, discharge of vessels, unloading of barges, warehousing, distribution, and truck/rail deliveries. The joint venture offers domestic and international shippers the combination of MBLX’s logistics expertise and advanced web-based tracking systems with the unmatched coverage offered by ACBL’s extensive inventory of boats, barges and fleeting services.