Commenting on the new business, Mike Ryan, Senior Vice President, Sales and Marketing stated, "We have successfully introduced ACL as a shipping alternative to a broad spectrum of shippers. We have recently secured over $30 million of contractual commitments for new business in 2007. The new business includes various commodities, including coal, chemicals and metals. One meaningful example is a conversion of chemicals, which were previously shipped by rail from the Midwest for export thru the Gulf. We believe our organic growth initiatives will continue to increase the freight that is transported by the inland barge industry. We have worked with many new customers to identify supply chain opportunities using the safest and most cost efficient mode of transportation."
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 revenues and approximately 2,750 employees as of December 31, 2006. For more information about ACL 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 and its subsidiaries' filings with the SEC, including the Form 10-K for the year ended December 31, 2005 and the most recently filed Form 10-Q. 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.
