JEFFERSONVILLE, Ind., Sept. 12 /PRNewswire-FirstCall/ -- American Commercial Lines Inc. ("ACL" or the "Company") announced today it has increased its ancillary charges for grain shipments, effective immediately. Gulf reconsignment charges, the fees assessed to shippers for changing the destination consignee on Gulf in-port moves, will rise from $300 to $500. ACL will also increase demurrage charges. At origin locations, the new terms include a load and release commitment of 3 days, with demurrage charges for days four and five at $200 per day and days six and beyond at $400 per day. At destination locations, ACL will increase demurrage charges to $500 per day after three free unloading days.
Mike Ryan, Senior Vice President Sales & Marketing stated, "We continue to advance our program of running a scheduled service. To do so, we must have the cooperation of shippers to load and release barges on schedule. We have a much higher probability of meeting the expectations of grain shippers if their consignment, loading, and unloading activities are consistent and timely. The elimination of idle barge days at origin and destination is important to ACL as we continue to create the shipping capacity necessary to meet the needs of our existing and new customers. By improving our asset utilization, we ultimately lower the cost of barge transportation to our customers, including our grain customers."
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.
