Printer Friendly

CSX ISSUES ANNOUNCEMENT

 CSX ISSUES ANNOUNCEMENT
 RICHMOND, Va., June 23 /PRNewswire/ -- CSX Corporation (NYSE: CSX)


today announced that the assets of the Valley Line Companies have been transferred from a voting trust to American Commercial Lines Inc. (ACL), the inland barging unit of CSX.
 This action follows the Interstate Commerce Commission's (ICC) June 12 approval of ACL's acquisition of those assets.
 Michael C. Hagan, president and chief executive office of ACL, said, "We are extremely pleased to have completed this acquisition on an expedited schedule and are excited about the opportunities the addition of the Valley Line assets brings to ACL."
 The acquisition of the Valley Line assets increases ACL's fleet to more than 3,400 covered and open barges and more than 120 towboats.
 CSX Corporation, based in Richmond, is an international transportation company offering a wide variety of rail, container- shipping, intermodal, trucking and barge services.
 -0- 6/23/92
 /CONTACT: Thomas E. Hoppin of CSX, 804-782-1400/
 (CSX) CO: CSX Corporation; American Commercial Lines Inc. ST: Virginia IN: TRN SU:


MK -- PH008 -- 2754 06/23/92 10:11 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 23, 1992
Words:178
Previous Article:WEGENER CORPORATION ANNOUNCES THIRD QUARTER RESULTS
Next Article:DANNY F. COOKE NAMED PRESIDENT AND COO OF THE SHIRT SHED
Topics:


Related Articles
CSX CORPORATION ISSUES ANNOUNCEMENT
CSX TO REDEEM SHARES OF ITS $7 CUMULATIVE CONVERTIBLE PREFERRED STOCK, SERIES A
CSX Dismisses Norfolk Southern's Announcement as a 'Confusing Non-Bid'
Federal Court Denies Norfolk Southern's Motion
NS Extends Conrail Tender Offer
CSX and Conrail Prevail Federal Court Denies Norfolk Southern's Motion
CSX-Conrail Remain Committed to Merger
Norfolk Southern Pleased With Developments Over Conrail
CSX to Hold Conference Call for Investors.
CSX Corporation Announces Approval of Lawsuit Settlement.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters