50 Great Indiana Businesses: American Commercial Lines
By Anonymous
“AMERICAN COMMERCIAL had a record-setting year in 2006,” says Mark R. Holden, president and CEO since January 2005, formerly CFO at Wabash National in Lafayette. “In net income, revenue and safety, key measurements in our industry, it was the best performance in the company’s 91-year history. We are proud Of ‘he accomplishments of the past few years and we have no intention of slowing down. We are focused on the future and are off to a fast start in 2007. We are thinking and acting like a transportation company dedicated to serving the broader transportation marketplace.”
American Commercial Lines was formed in 1953 as the holding company for a family of barge transportation and marine service companies, the oldest dating to 1915. In January 2003 the company filed for Chapter I I protection, emerging in January 2005. ACL went public in October 2005, trading on the NASDAQ as ACLI.
It’s one of the largest and most diversified marine transportation and services companies in the U.S., providing barge transportation and related services, as well as manufacturing barges, towboats and other vessels, including oceangoing liquid tank barges. It’s the No. 2 provider of both dry cargo and liquid tank barge transportation services on the country’s inland waterwaysthe Mississippi River System, its connecting waterways and the Gulf Intracoastal Waterway-with 3,010 barges in its domestic fleet.
Jeffboat, its manufacturing subsidiary, accounted for nearly 17 percent of ACE $943 million revenue in 2006. It is the country’s largest single-site inland shipbuilding and repair facility occupying 68 acres of land and 5,600 feet of frontage on the Ohio River. it employs 1,055 manufacturing employees, out of the company’s total 2,795 employees. It announced a year ago that it would invest $17.5 million to expand its Jeffboat operation, nearly doubling its employment base.
Copyright Curtis Magazine Group, Inc. Jun 01, 2007
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