SOURCE: American Commercial Lines Inc.

American Commercial Lines Inc.

May 03, 2010 06:30 ET

American Commercial Lines Inc. Announces New 3-Year Agreement for Jeffboat Employees and Teamsters Local 89

JEFFERSONVILLE, IN--(Marketwire - May 3, 2010) -   American Commercial Lines Inc. (NASDAQ: ACLI) ("ACL" or the "Company") announced that it has secured a 3-year agreement with the General Drivers, Warehousemen & Helpers (Teamsters), Local Union No. 89 for employees of its manufacturing division Jeffboat. The agreement, which was ratified by more than 86 percent of the voters, helps to position the shipyard for future growth.

Mike Ryan, President & CEO of ACL, stated, "I would like to thank the Teamsters bargaining committee for working with us to find wage and healthcare alternatives as we strive to position our manufacturing facility to be competitive in the marketplace. We will continue to move forward with the implementation of our strategic plan for Jeffboat, pursuing new business in what remains a very challenging economic environment."

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 $850 million in revenues and approximately 2,570 employees as of December 31, 2009. For more information about American Commercial Lines Inc., visit www.aclines.com.

Contact Information

  • Contact:
    David T. Parker
    Vice President, Investor Relations and Corporate Communications
    (800) 842-5491