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American Commercial Lines buys towboats

February 14, 2007

American Commercial Lines Inc. has agreed to buy 20 towboats and related equipment from McKinney Towing Inc. and related McKinney companies, all based in Baton Rouge, La.

The $15 million transaction doubles the size of ACL's Gulf-region operations. Based in Jeffersonville, the company says it wants to convert rail and truck shipments to barge transportation.

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