EX-99.1

Exhibit 99.1

American Commercial Lines Announces Second Quarter Results

JEFFERSONVILLE, Ind., July 29 /PRNewswire-FirstCall/ — American Commercial Lines Inc. (Nasdaq: ACLI) (“ACL” or the “Company”) today announced results for the three and six months ended June 30, 2008. Revenues for the quarter were $322.7 million, a 23.5% increase compared with $261.2 million for the second quarter of 2007. Net income from continuing operations for the quarter was $3.4 million or $0.06 per diluted share, compared to net income of $5.9 million or $0.09 per diluted share for the second quarter of 2007. Results of the quarter ended June 30, 2008 included after-tax debt retirement expenses of $1.5 million or $0.03 per diluted share on the amendment of the Company’s credit facility. Results for the quarter ended June 30, 2007 included after-tax debt retirement expenses of $1.4 million on the replacement of the Company’s previous revolving credit facility which reduced earnings per share by $0.02.

Michael P. Ryan, President and Chief Executive Officer, stated, “The second quarter presented us with the dual challenges of inclement weather and continued cost inflation. Despite these obstacles, we were able to progress our strategy of building a better book of business and controlling our costs to improve profitability. While we understand that the results of one quarter do not represent a trend, and we continue to face industry volatility, we are pleased to have achieved some performance highlights in the second quarter. Our manufacturing segment’s second quarter operating performance was the strongest in several years. In Transportation, we achieved revenue growth in our liquids business for the fifth consecutive quarter. We continue to experience steady demand and pricing strength across both liquid and dry businesses, realizing approximately 13% fuel-neutral rate increases. We are advancing our cost control efforts, with further reductions in SG&A expenses this quarter which, combined with our first quarter actions, will result in over $5.5 million of annualized savings.

In the second quarter, we also completed a modification of our credit facility which increased the allowable debt to EBITDA ratio through March 2009. We are strategically reviewing our capital needs, and we intend to have a new facility in place before the expiration of our current credit agreement in March 2009.

Finally, we recognize the magnitude of the July 23, 2008 collision between a tow operated by DRD Towing Company, which was towing an ACL barge containing oil, and a second vessel operated by Laurin Maritime. ACL is assisting the US Coast Guard and other agencies and organizations, providing our expertise to the clean-up efforts.”

For the six months ended June 30, 2008 revenues were $593.2 million, a 21.2% increase compared with $489.5 million for the first six months of 2007. Net income from continuing operations for the six months ended June 30, 2008 was $5.7 million or $0.11 per diluted share, compared to net income of $4.8 million or $0.08 per diluted share for the first six months of 2007. Results for the six months ended June 30, 2008 included after-tax debt retirement expenses of $1.5 million or $0.03 per diluted share on the amendment of the Company’s credit facility, and

an after-tax benefit of $1.3 million or $0.03 per diluted share related to the decision not to withdraw from a multi-employer pension plan for certain represented employees of the Company’s terminal operations. Results for the first six months of 2007 included after-tax debt retirement expenses of $14.9 million related to the retirement of the Company’s 9.5% senior notes and the Company’s previous revolving credit facility, which reduced earnings per share by $0.24.

Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) from continuing operations for the second quarter of 2008 were $27.3 million with an EBITDA margin of 8.5% compared to $26.9 million for the second quarter of 2007 with an EBITDA margin of 10.3%. For the six months ended June 30, 2008, EBITDA from continuing operations was $50.3 million compared to $62.3 million for the six months ended June 30, 2007. EBITDA margin was 8.5% for the six months ended June 30, 2008 and 12.7% for the six months ended June 30, 2007. The attachment to this press release reconciles net income to EBITDA.

Transportation Results

The transportation segment’s revenues were $217.2 million in the second quarter 2008, an increase of 16.8% over the second quarter of the prior year. The revenue increase was driven by 27.9% higher pricing on affreightment contracts, higher outside towing and charter/day rate revenues and higher revenue from scrapping barges, partially offset by lower ton-mile volumes. Slightly over half of the affreightment rate increases were driven by fuel escalations under the Company’s contracts, and the remainder was attributable to higher fuel-neutral pricing. On average, compared to the second quarter of 2007, the fuel-neutral rate on the dry freight business increased 12.9% and the liquid freight business increased 13.2% in 2008. Total volume measured in ton-miles declined in the second quarter of 2008 to 9.6 billion from 10.8 billion in the same period of the prior year, a decrease of 10.7%. More than one-half of the volume declines in the quarter were attributable to lower grain volumes combined with lower bulk and coal volumes, all of which were adversely affected by flooding conditions throughout much of the inland waterway system. On average, 4.1% or 117 fewer barges operated in the second quarter of this year compared to the second quarter of last year.

Year-to-date, the 16.6% revenue increase over 2007 was driven by increases in outside towing and charter/day rate revenues and increased revenue from scrapping barges, combined with a 21.9% increase on affreightment contracts, partially offset by lower ton-mile volumes. Almost 60% of the affreightment rate increases were driven by fuel escalations and the remainder was attributable to higher fuel-neutral pricing. On average, compared to the six months ended June 30, 2007, the fuel neutral rate on the dry freight business increased 8.9% and it increased 9.8% on the liquid freight business. Year-to-date total volume measured in ton-miles declined in the first six months of 2008 to 19.7 billion from 21.0 billion in the same period of the prior year, a decrease of 6.4%, much of it attributable to inclement weather conditions and severe flooding. On average, 4.9% or 142 fewer barges operated in the first six months of this year compared to the first six months of the prior year.

Operating income in the transportation segment decreased 33.2% or $3.3 million to $6.7 million in the quarter ended June 30, 2008 compared to the same period of the prior year. This decline was due primarily to unfavorable weather-related operating conditions and significant increases in fuel prices. Continuing high-water conditions resulted in more than 16,000 idle barge days in the quarter, an increase of 287% or more than 12,000 days over the prior year. The Company estimates this negatively impacted the transportation segment’s operating margin by approximately $6 million in the quarter. Fuel prices increased 72% over second quarter 2007, with an average cost of $3.44 per gallon. The Company estimates it had approximately $8.6 million in direct and indirect unrecovered fuel price increases during the quarter. These were partially offset by the higher fuel-neutral pricing and a $3.5 million increase in income from scrapping and disposal of barges.

Year-to-date operating income in the transportation segment decreased 56.4%, or $16.9 million, to $13.1 million in the six months ended June 30, 2008 compared to the same period of the prior year. This decline was also due to significant increases in fuel prices and unfavorable weather-related operating conditions. The Company estimates it had approximately $18.0 million in direct and indirect unrecovered fuel price increases. During the past six months high-water conditions caused by abnormally high precipitation levels along the inland waterway increased idle barge days 155% (more than 16,000 days) and drove additional cost inefficiencies of approximately $11 million. These were partially offset by the higher fuel-neutral pricing and a $3.1 million increase in income from scrapping and disposal of barges.

Manufacturing Results

ACL’s manufacturing business, Jeffboat, completed 112 barges during the quarter ended June 30, 2008 compared to 101 barges in the second quarter of 2007. Jeffboat sold 93 dry hopper barges in the second quarters of 2008 and 2007. Jeffboat also sold 17 liquid tank barges and two special vessels during the second quarter, an increase of nine tank barges and two special vessels over the second quarter of 2007. Two liquid barges were built during the second quarter of 2007 for internal use by ACL in 2007 and none were built in the current year.

On a year-to-date basis Jeffboat sold 201 barges, 11 more barges than in the prior year. This included three fewer dry hopper barges, 11 more liquid tank barges and three additional special vessels. The two liquid barges built for internal use in the second quarter of 2007 were the only internal builds in the six months ended June 30, 2007.

Manufacturing revenues were $95.6 million in the second quarter of 2008 compared to $75.3 million during the same period last year. This increase was driven by the additional tank barge sales. Manufacturing operating margin increased quarter-over-quarter from 5.2% to 7.0%, an increase of $2.7 million to $6.7 million, primarily driven by improved labor utilization in the shipyard and the reduction in build hours per barge. Manufacturing lost five weather-related production days during the quarter, two more than second quarter 2007.

On a year-to-date basis, manufacturing revenues were $159.7 million for the six months ended June 30, 2008 compared to $127.5 million for the six months ended June 30, 2007. This increase was also driven by the additional liquid barge sales, despite 24 production days lost year-to-date due to weather, over twice as many as the 10 days lost in the first six months of 2007. Manufacturing operating margin increased on year-to-date basis from 4.7% to 6.3% compared to the six months ended June 30, 2007, an increase of $4.1 million to $10.0 million, primarily driven by improved labor utilization in the shipyard and the reduction in build-hours per barge.

Cash Flow and Debt

During the second quarter of 2008, the Company amended its Credit Agreement to provide additional financial flexibility by, among other actions, increasing its allowable leverage ratio from 3.0 times EBITDA to 3.75 times EBITDA. The maturity of the amended agreement was shortened to March 2009; hence, the Company is already exploring alternatives for a longer term credit facility.

ACL’s liquidity under the amended Credit Agreement was $102 million on June 30, 2008 and the leverage ratio was 2.9 times EBITDA, well within the 3.75 limit.

During the second quarter, the Company had $12.9 million of capital expenditures, generated $50.9 million in cash from operations, and reduced its revolver by $27.9 million to $445 million.

For the six months ended June 30, 2008, ACL had $25.0 million of capital expenditures, used $8.5 million to complete the acquisition of Summit Contracting, and increased its revolver by $6.0 million.

Second Quarter 2008 Earnings Conference Call

The company will conduct a live webcast and conference call to review and discuss its second quarter 2008 financial results on Wednesday, July 30, 2008, at 10:00 a.m. Eastern time.

ACL’s live webcast, featuring a slide presentation, may be accessed at www.aclines.com. The telephone numbers to access the conference call are: Domestic (800) 261-3417 and International (617) 614-3673. The Participant Passcode is 20468436. For those unable to participate in the live webcast or conference call, the call will be archived at www.aclines.com within three hours of the conclusion of the webcast and the call and will remain available through September 29, 2008.

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 $1 billion in annual revenues and approximately 3,300 employees as of December 31, 2007. 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 and its subsidiaries’ filings with the SEC, including the Form 10-K for the year ended December 31, 2007 and the Company’s Form 10-Q for the most recent quarter. 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.

AMERICAN COMMERCIAL LINES INC.
CONDENSED CONSOLIDATED INCOME STATEMENTS
(Dollars in thousands, except shares and per share amounts)
(Unaudited)


	Quarter Ended June 30,						Six Months Ended June 30,
	2008			2007			2008			2007
Revenues
Transportation and Services	$	227,085		$	185,869		$	433,539		$	361,998
Manufacturing		95,609			75,345			159,671			127,460

Revenues		322,694			261,214			593,210			489,458


Cost of Sales
Transportation and Services		200,698			158,462			381,736			299,066
Manufacturing		88,059			70,355			147,904			119,568

Cost of Sales		288,757			228,817			529,640			418,634


Gross Profit		33,937			32,397			63,570			70,824

Selling, General and Administrative Expenses		20,431			18,407			40,504			34,838


Operating Income		13,506			13,990			23,066			35,986


Other Expense (Income)
Interest Expense		5,988			2,818			12,720			5,999
Debt Retirement Expenses		2,379			2,189			2,379			23,938
Other, Net		(296	)		(491	)		(1,146	)		(1,721	)

Other Expenses		8,071			4,516			13,953			28,216


Income from Continuing Operations before Income Taxes		5,435			9,474			9,113			7,770

Income Taxes		2,071			3,574			3,446			2,936


Income from Continuing Operations		3,364			5,900			5,667			4,834

Discontinued Operations, Net of Tax		291			(3	)		303			(49	)


Net Income	$	3,655		$	5,897		$	5,970		$	4,785

Basic earnings per common share:
Income from continuing operations	$	0.06		$	0.10		$	0.11		$	0.08
Income from discontinued operations, net of tax		0.01			—			0.01			—

Basic earnings per common share	$	0.07		$	0.10		$	0.12		$	0.08

Earnings per common share — assuming dilution:
Income from continuing operations	$	0.06		$	0.09		$	0.11		$	0.08
Income from discontinued operations, net of tax		0.01			—			0.01			—

Earnings per common share — assuming dilution	$	0.07		$	0.09		$	0.12		$	0.08

Weighted Average Shares Outstanding:
Basic		50,477,384			61,349,569			50,277,909			61,349,190
Diluted		50,897,559			62,645,171			50,911,237			62,858,400

AMERICAN COMMERCIAL LINES INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in thousands, except shares and per share amounts)


	June 30,			December 31,
	2008			2007 (1)
	(Unaudited)
ASSETS
Current Assets
Cash and Cash Equivalents	$	14,010		$	5,021
Accounts Receivable, Net		126,062			114,921
Inventory		87,930			70,890
Deferred Tax Asset		2,430			2,582
Assets Held for Sale		2,934			325
Prepaid and Other Current Assets		30,310			26,336

Total Current Assets		263,676			220,075
Properties, Net		510,974			511,832
Investment in Equity Investees		3,511			3,456
Other Assets		23,388			25,448

Total Assets	$	801,549		$	760,811


LIABILITIES
Current Liabilities
Accounts Payable	$	56,692		$	61,130
Accrued Payroll and Fringe Benefits		15,890			15,720
Deferred Revenue		27,018			17,824
Accrued Claims and Insurance Premiums		16,848			15,647
Accrued Interest		3,027			1,688
Short Term Debt		445,000			—
Current Portion of Long Term Debt		750			—
Customer Deposits		8,456			5,596
Other Liabilities		38,473			32,036

Total Current Liabilities		612,154			149,641
Long Term Debt		700			439,760
Pension Liability		7,430			5,252
Deferred Tax Liability		27,981			26,569
Other Long Term Liabilities		14,047			14,198

Total Liabilities		662,312			635,420


STOCKHOLDERS’ EQUITY
Common stock; authorized 250,000,000 shares at $.01 par value; 63,227,300 and 62,549,666 shares issued and outstanding as of June 30, 2008 and December 31, 2007, respectively		632			626
Treasury Stock; 12,597,748 and 12,407,006 shares at June 30, 2008 and December 31, 2007, respectively		(312,822	)		(309,517	)
Other Capital		288,699			279,266
Retained Earnings		153,879			148,426
Accumulated Other Comprehensive Income		8,849			6,590

Total Stockholders’ Equity		139,237			125,391

Total Liabilities and Stockholders’ Equity	$	801,549		$	760,811


(1)		The Condensed Consolidated Balance Sheet at December 31, 2007 has been derived from the audited consolidated financial statements at that date, but does not included all the information and footnotes required by generally accepted accounting principles.

AMERICAN COMMERCIAL LINES INC.
NET INCOME TO EBITDA RECONCILIATION
(Dollars in thousands)
(Unaudited)


	Quarter Ended June 30,						Six Months Ended June 30,
	2008			2007			2008			2007
Net Income from Continuing Operations	$	3,364		$	5,900		$	5,667		$	4,834
Discontinued Operations, Net of Income Taxes		291			(3	)		303			(49	)

Consolidated Net Income	$	3,655		$	5,897		$	5,970		$	4,785

Adjustments from Continuing Operations:
Interest Income		(12	)		(103	)		(62	)		(127	)
Interest Expense		5,988			2,818			12,720			5,999
Debt Retirement Expenses		2,379			2,189			2,379			23,938
Depreciation and Amortization		13,488			12,554			26,134			24,765
Taxes		2,071			3,574			3,446			2,936
Adjustments from Discontinued Operations:
Interest Income		(13	)		(32	)		(32	)		(86	)
Depreciation and Amortization		—			—			—			—
Taxes		158			(1	)		165			(29	)

EBITDA from Continuing Operations		27,278			26,932			50,284			62,345
EBITDA from Discontinued Operations		436			(36	)		436			(164	)

Consolidated EBITDA	$	27,714		$	26,896		$	50,720		$	62,181


EBITDA from Continuing Operations by Segment:
Transportation Net Income	$	(3,448	)	$	1,981		$	(4,458	)	$	(1,379	)
Interest Income		(10	)		(103	)		(58	)		(127	)
Interest Expense		5,988			2,818			12,720			5,999
Debt Retirement Expenses		2,379			2,189			2,379			23,938
Depreciation and Amortization		12,232			11,922			24,139			23,553
Taxes		2,071			3,574			3,446			2,936

Transportation EBITDA	$	19,212		$	22,381		$	38,168		$	54,920


Manufacturing Net Income	$	6,807		$	4,821		$	10,314		$	7,267
Interest Income		—			—			—			—
Interest Expense		—			—			—			—
Depreciation and Amortization		694			632			1,348			1,212
Taxes		—			—			—			—

Total Manufacturing EBITDA		7,501			5,453			11,662			8,479
Intersegment Profit		(87	)		(902	)		(234	)		(1,054	)

External Manufacturing EBITDA	$	7,414		$	4,551		$	11,428		$	7,425

Management considers EBITDA to be a meaningful indicator of operating performance and uses it as a measure to assess the operating performance of the Company’s business segments. EBITDA provides us with an understanding of one aspect of earnings before the impact of investing and financing transactions and income taxes. EBITDA should not be construed as a substitute for net income or as a better measure of liquidity than cash flow from operating activities, which is determined in accordance with generally accepted accounting principles (“GAAP”). EBITDA excludes components that are significant in understanding and assessing our results of operations and cash flows. In addition, EBITDA is not a term defined by GAAP and as a result our measure of EBITDA might not be comparable to similarly titled measures used by other companies.

However, the Company believes that EBITDA is relevant and useful information, which is often reported and widely used by analysts, investors and other interested parties in our industry. Accordingly, the Company is disclosing this information to permit a more comprehensive analysis of its operating performance.

AMERICAN COMMERCIAL LINES INC.

Statement of Operating Income by Reportable Segment

(Dollars in thousands)

(Unaudited)


	Reportable Segments				All Other		Intersegment
	Transportation		Manufacturing		Segments		Elimination			Total
Quarter ended June 30, 2008
Total revenue	$	217,527	$	96,104	$	10,161	$	(1,098	)	$	322,694
Intersegment revenues		340		495		263		(1,098	)		—

Revenue from external customers		217,187		95,609		9,898		—			322,694
Operating expense
Materials, supplies and other		77,392		—		—		—			77,392
Rent		5,731		—		—		—			5,731
Labor and fringe benefits		28,988		—		—		—			28,988
Fuel		65,270		—		—		—			65,270
Depreciation and amortization		12,232		—		—		—			12,232
Taxes, other than income taxes		3,765		—		—		—			3,765
Loss (gain) on disposition of equipment		75		—		—		—			75
Cost of goods sold		—		88,059		7,245		—			95,304

Total cost of sales		193,453		88,059		7,245		—			288,757
Selling, general & administrative		17,020		872		2,539		—			20,431

Total operating expenses		210,473		88,931		9,784		—			309,188

Operating income	$	6,714	$	6,678	$	114	$	—		$	13,506


Quarter ended June 30, 2007
Total revenue	$	186,057	$	81,218	$	—	$	(6,061	)	$	261,214
Intersegment revenues		188		5,873		—		(6,061	)		—

Revenue from external customers		185,869		75,345		—		—			261,214
Operating expense
Materials, supplies and other		67,932		—		—		—			67,932
Rent		6,264		—		—		—			6,264
Labor and fringe benefits		27,819		—		—		—			27,819
Fuel		40,372		—		—		—			40,372
Depreciation and amortization		11,922		—		—		—			11,922
Taxes, other than income taxes		4,112		—		—		—			4,112
Gain on disposition of equipment		41		—		—		—			41
Cost of goods sold		—		70,355		—		—			70,355

Total cost of sales		158,462		70,355		—		—			228,817
Selling, general & administrative		17,357		1,050		—		—			18,407

Total operating expenses		175,819		71,405		—		—			247,224

Operating income	$	10,050	$	3,940	$	—	$	—		$	13,990

AMERICAN COMMERCIAL LINES INC.

Statement of Operating Income by Reportable Segment

(Dollars in thousands)

(Unaudited)


Six Months ended June 30, 2008
Total revenue	$	422,464		$	160,657	$	12,091		$	(2,002	)	$	593,210
Intersegment revenues		456			986		560			(2,002	)		—

Revenue from external customers		422,008			159,671		11,531			—			593,210
Operating expense
Materials, supplies and other		154,819			—		—			—			154,819
Rent		11,936			—		—			—			11,936
Labor and fringe benefits		56,037			—		—			—			56,037
Fuel		119,510			—		—			—			119,510
Depreciation and amortization		24,139			—		—			—			24,139
Taxes, other than income taxes		7,909			—		—			—			7,909
Gain on disposition of equipment		(284	)		—		—			—			(284	)
Cost of goods sold		—			147,904		7,670			—			155,574

Total cost of sales		374,066			147,904		7,670			—			529,640
Selling, general & administrative		34,840			1,760		3,904			—			40,504

Total operating expenses		408,906			149,664		11,574			—			570,144

Operating income	$	13,102		$	10,007	$	(43	)	$	—		$	23,066


Six Months ended June 30, 2007
Total revenue	$	362,307		$	133,898	$	—		$	(6,747	)	$	489,458
Intersegment revenues		309			6,438		—			(6,747	)		—

Revenue from external customers		361,998			127,460		—			—			489,458
Operating expense
Materials, supplies and other		129,715			—		—			—			129,715
Rent		12,237			—		—			—			12,237
Labor and fringe benefits		52,916			—		—			—			52,916
Fuel		74,391			—		—			—			74,391
Depreciation and amortization		23,553			—		—			—			23,553
Taxes, other than income taxes		7,838			—		—			—			7,838
Loss on disposition of equipment		(1,584	)		—		—			—			(1,584	)
Cost of goods sold		—			119,568		—			—			119,568

Total cost of sales		299,066			119,568		—			—			418,634
Selling, general & administrative		32,891			1,947		—			—			34,838

Total operating expenses		331,957			121,515		—			—			453,472

Operating income	$	30,041		$	5,945	$	—		$	—		$	35,986

AMERICAN COMMERCIAL LINES INC.
SELECTED FINANCIAL AND NONFINANCIAL DATA
(Dollars in thousands except where noted)
(Unaudited)


	Quarter Ended June 30,				Six Months Ended June 30,
	2008		2007		2008		2007
Consolidated EBITDA	$	27,714	$	26,896	$	50,720	$	62,181

Transportation Revenue and EBITDA

Revenue	$	217,187	$	185,869	$	422,008	$	361,998
EBITDA		19,212		22,381		38,168		54,920

Manufacturing Revenue and EBITDA
(External and Internal)

Revenue	$	96,104	$	81,218	$	160,657	$	133,898
EBITDA		7,501		5,453		11,662		8,479

Manufacturing External Revenue and EBITDA
Revenue	$	95,609	$	75,345	$	159,671	$	127,460
EBITDA		7,414		4,551		11,428		7,425

Average Domestic Barges Operated
Dry		2,359		2,485		2,389		2,543
Liquid		384		375		386		374

Total		2,743		2,860		2,775		2,917


Fuel Price (Average Dollars per gallon)	$	3.44	$	2.01	$	3.12	$	1.89

Capital Expenditures (including software)	$	13,455	$	25,243	$	26,049	$	32,819

Management considers EBITDA to be a meaningful indicator of operating performance and uses it as a measure to assess the operating performance of the Company’s business segments. EBITDA provides us with an understanding of the Company’s revenues before the impact of investing and financing transactions and income taxes. EBITDA should not be construed as a substitute for net income or as a better measure of liquidity than cash flow from operating activities, which is determined in accordance with generally accepted accounting principles (“GAAP”). EBITDA excludes components that are significant in understanding and assessing our results of operations and cash flows. In addition, EBITDA is not a term defined by GAAP and as a result our measure of EBITDA might not be comparable to similarly titled measures used by other companies.

AMERICAN COMMERCIAL LINES INC. OPERATING RESULTS by BUSINESS SEGMENT
Quarter Ended June 30, 2008 as compared with Quarter Ended June 30, 2007
(Dollars in thousands except where noted)
(Unaudited)


										% of Consolidated
										Revenue
	Quarter Ended June 30,									2nd Quarter
	2008			2007			Variance			2008			2007
REVENUE
Transportation and Services	$	227,085		$	185,869		$	41,216			70.4	%		71.2	%
Manufacturing (external and internal)		96,104			81,218			14,886			29.8	%		31.1	%
Intersegment manufacturing elimination		(495	)		(5,873	)		5,378			(0.2	%)		(2.3	%)

Consolidated Revenue		322,694			261,214			61,480			100.0	%		100.0	%

OPERATING EXPENSE
Transportation and Services		220,257			175,819			44,438
Manufacturing (external and internal)		89,339			76,376			12,963
Intersegment manufacturing elimination		(408	)		(4,971	)		4,563

Consolidated Operating Expense		309,188			247,224			61,964			95.8	%		94.6	%

OPERATING INCOME
Transportation and Services		6,828			10,050			(3,222	)
Manufacturing (external and internal)		6,765			4,842			1,923
Intersegment manufacturing elimination		(87	)		(902	)		815

Consolidated Operating Income		13,506			13,990			(484	)		4.2	%		5.4	%

Interest Expense		5,988			2,818			3,170
Debt Retirement Expenses		2,379			2,189			190
Other Expense (Income)		(296	)		(491	)		195

Income Before Income Taxes		5,435			9,474			(4,039	)

Income Taxes		2,071			3,574			(1,503	)
Discontinued Operations		291			(3	)		294


Net Income	$	3,655		$	5,897		$	(2,242	)


Domestic Barges Operated (average of period beginning and end)		2,743			2,860			(117	)

Revenue per Barge Operated (Actual)	$	79,179		$	64,989		$	14,190

AMERICAN COMMERCIAL LINES INC. OPERATING RESULTS by BUSINESS SEGMENT
Six Months Ended June 30, 2008 as compared with Six Months Ended June 30, 2007
(Dollars in thousands except where noted)
(Unaudited)


										% of Consolidated
										Revenue
	Six Months Ended June 30,									Six Months
	2008			2007			Variance			2008			2007
REVENUE
Transportation and Services	$	433,539		$	361,998		$	71,541			73.1	%		74.0	%
Manufacturing (external and internal)		160,657			133,898			26,759			27.1	%		27.3	%
Intersegment manufacturing elimination		(986	)		(6,438	)		5,452			(0.2	%)		(1.3	%)

Consolidated Revenue		593,210			489,458			103,752			100.0	%		100.0	%

OPERATING EXPENSE
Transportation and Services		420,480			331,957			88,523
Manufacturing (external and internal)		150,416			126,899			23,517
Intersegment manufacturing elimination		(752	)		(5,384	)		4,632

Consolidated Operating Expense		570,144			453,472			116,672			96.1	%		92.6	%

OPERATING INCOME
Transportation and Services		13,059			30,041			(16,982	)
Manufacturing (external and internal)		10,241			6,999			3,242
Intersegment manufacturing elimination		(234	)		(1,054	)		820

Consolidated Operating Income		23,066			35,986			(12,920	)		3.9	%		7.4	%

Interest Expense		12,720			5,999			6,721
Debt Retirement Expenses		2,379			23,938			(21,559	)
Other Expense (Income)		(1,146	)		(1,721	)		575

Income before Income Taxes		9,113			7,770			1,343

Income Taxes		3,446			2,936			510
Discontinued Operations		303			(49	)		352


Net Income	$	5,970		$	4,785		$	1,185


Domestic Barges Operated (average of period beginning and end)		2,775			2,917			(142	)

Revenue per Barge Operated (Actual)	$	152,075		$	124,099		$	27,976