ACL Expands Warehouse Space Shipping by Barge
American Commercial Lines Inc. (NASDAQ: ACLI) announced that they have entered into an industrial development agreement with CNW Resources of Naperville, Ill. CNW Resources is a provider of metallurgical, chemical and foundry products. Under the industrial development agreement, ACL will construct a new warehouse at its barge terminal in Lemont, Ill., located 25 miles southwest of Chicago, to store and transport product for CNW. The new multi-purpose warehouse will significantly increase the indoor storage capacity of the company's Lemont terminal. ACL's existing 48,000 square-foot climate-controlled warehouse in Lemont is in its third year of operation. As a result of the new industrial development agreement with CNW, ACL will add 20,000 square feet of new indoor storage capacity in Lemont.