ACL Recognizes Safe Liquid Cargo Handlers
American Commercial Lines presented Marine Environmental Stewardship Awards on Wednesday, July 16 in Houston, Texas, recognizing 35 customers for safe handling of chemicals, petroleum products and other liquid cargos. The customers recognized by ACL safely handled over two billion gallons of chemicals, petroleum products and other liquid cargoes with the barge transportation company in 2013. Recipients of the award are: Axiall Corporation; BASF Corporation; Bayer Corporation; Bunge North America…
ACL Names SVP and COO
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 appointment of Paul A. Tobin as Senior Vice President and Chief Operating Officer. An industry veteran, Mr. Tobin's most recent role was Senior Vice President Administration for AEP River Operations. He joined AEP in 2001 with the company's purchase of Memco Barge Line, where he served as Vice President Administration and Director Insurance during his four-year tenure.
American Commercial Lines Announces New Leadership
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.
ACL Award from Compass Minerals
American Commercial Lines Inc. (NASDAQ: ACLI) announced that it has received the 2009-2010 Service Excellence Award from Compass Minerals. The award was presented by Compass Minerals to 18 of its approximately 350 logistics providers at a banquet at the company's headquarters in Overland Park, Kan. on April 28. Recipients of the Service Excellence Award were selected for consistent service excellence, innovation, and logistics solutions during a two-step panel review process.
ACL GE Energy New Product Introduction Award
American Commercial Lines Inc. (NASDAQ: ACLI) (ACL) announced that it has received the 2010 GE Energy New Product Introduction Award. The award is provided to the company that introduces the most innovative solution to GE Energy's commercial transportation supply chain. ACL was recognized for bringing a water-based, environmentally friendly, economical, and safe solution to GE Energy as an alternative to land-based transportation options.Commenting on the award, Gabe Forir, ACL's Director of Sales…
ACL Realigns Transportation Services Division
American Commercial Lines Inc. (NASDAQ: ACLI) announced it is realigning its Transportation Services Division to reduce costs, improve efficiencies, and streamline communication. The company will be moving leaders in operations management to field locations, closer to its employees and customers. Headquartered in Jeffersonville, Ind., ACL operates a fleet of more than 2,600 barges and approximately 130 towboats on a network of more than 12,000 miles of U.S. inland waterways. It also operates terminals…
SEC Closes Inquiry Involving ACL
American Commercial Lines Inc. (NASDAQ: ACLI) (ACL) announced that the U.S. Securities and Exchange Commission (SEC) has confirmed it will not take action against the company and has closed an inquiry related to an e-mail sent by the company's former Senior Vice President and Chief Financial Officer on June 16, 2007 and disclosed by the company in the filing of a Form 8-K on June 18, 2007. The executive ceased being an employee of ACL in March 2008. The Commission has issued a cease and desist order…
ACL Plans to Build New Covered Hopper Barges
American Commercial Lines Inc. (NASDAQ: ACLI) announced that the Company will build fifty covered hopper barges for use by its Transportation Services Division at the Company's Jeffboat manufacturing subsidiary in the first quarter of 2010. Commenting on the build plan, ACL President and CEO Mike Ryan stated, "We are executing the next phase of our long-term strategic plan. We recently completed the realignment of our field-based Transportation Services management team, establishing new northern and southern region headquarters locations.
ACL Reports Q3 Results
American Commercial Lines Inc. (NASDAQ: ACLI) (ACL) announced results for the quarter and nine months ended September 30, 2009. Revenues for the quarter ended September 30, 2009 were $216.0 million, a 31.1% decrease compared with $313.7 million for the quarter ended September 30, 2008. The decrease in revenue was primarily due to changes in the mix of commodities shipped by our customers in the respective quarters into lower revenue commodities and to lower volume in the current year.
Jeffboat Safety Milestone
American Commercial Lines Inc. (NASDAQ: ACLI) (ACL) announced that on December 15, its Manufacturing Division, Jeffboat, accomplished the safety milestone of working two million hours without a lost time injury (an injury requiring time off from work) for the first time in its more than 70 years of operation. The shipyard has reached one million hours worked without a lost time injury twice in its history, most recently in June 2009. While Jeffboat has continually decreased injuries since 2004…
ACL 2009 Q4 Results
American Commercial Lines Inc. (NASDAQ: ACLI) announced results for the fourth quarter and year ended December 31, 2009. Revenues for the quarter were $226.9 million, a 16.4% decrease compared with $271.6 million for the fourth quarter of 2008. The decrease in revenue in 2009 was primarily due to changes in the mix of commodities shipped by our transportation customers, decreased towing revenue, lower grain freight rates and lower fuel prices (which are generally passed through to our customers). Total ton-mile volume declined by 1.4% compared to the fourth quarter 2008.