JEFFERSONVILLE, Ind., Aug. 13 /PRNewswire-FirstCall/ -- American Commercial Lines Inc. ("ACL" or the "Company") today announced the opening of its new Liquid Transportation Division Headquarters in Houston, Texas. The opening of the new regional headquarters, combined with ACL's recent announcement to build 30 new 30,000 barrel tank barges in 2008, begins the foundation for the Company's long-term strategy to increase liquid business from 24% to 40% of its total transportation revenue.
Commenting on this event, Michael P. Ryan, Senior Vice President of Sales and Marketing, stated "The opening of our Liquid Transportation Division in Houston has generated a tremendous amount of positive feedback from our liquid customer base. Establishing a permanent office presence in the marketplace provides us the opportunity to more effectively present our value proposition to our existing and new partners in the petroleum and chemical industries."
American Commercial Lines Inc., headquartered in Jeffersonville, Indiana, is an integrated marine transportation and service company operating in the United States Jones Act trades, with approximately $940 million in annual revenues and approximately 2,750 employees as of December 31, 2006. For more information about American Commercial Lines Inc. generally, visit http://www.aclines.com/.
Forward-Looking Statements
This release includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's present expectations and beliefs about future events. As with any projection or forecast, these statements are inherently susceptible to risks, uncertainty and changes in circumstance. Important factors could cause actual results to differ materially from those expressed or implied by the forward-looking statements and should be considered in evaluating the outlook of American Commercial Lines Inc. Risks and uncertainties are detailed from time to time in American Commercial Lines Inc.'s filings with the SEC, including the Form 10-K for the year ended December 31, 2006. American Commercial Lines Inc. is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of changes, new information, subsequent events or otherwise.
