1. American Commercial Lines Inc. Fourth Annual Indiana Logistics Summit James L. Adams, Vice President of Governmental Policy November 14, 2006

2. 1 Forward Looking Statements & EBITDA This presentation includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 including without limitation the EBITDA margin potential of 20-25%. 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, 2005 filed by American Commercial Lines Inc. with the SEC. 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. 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 loss 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.

3. 2 ACL at a Glance A leading barge transportation provider and marine transportation manufacturer operating on the Inland Waterways since 1915 Lowest cost mode of transportation Best industry supply / demand fundamentals in 25 years Early stages of a projected $2 billion dry cargo barge replacement cycle benefiting manufacturing operations (Jeffboat) EBITDA margin potential of 20-25% Proven management team with extensive transportation and turnaround experience

4. 3 Barge Transportation Industry $765 billion transportation market 3.76 Trillion Ton Miles by mode 39.8% Railroad 28.0% Truck 16.5% Water 15.3% Pipelines 0.4% Other 87.7% Truck 4.3% Rail 3.9% Pipeline Source: U.S. Bureau of Transportation Statistics. Source: American Trucking Association.

5. 4 Lowest Cost, Cleanest & Safest Mode of Transportation (1)Source: Iowa Department of Transportation. (2)Source: Wilson, Transportation of America (19 th edition, 2002). (3)Source: U.S. Army Corps of Engineers. (4)Source: EPA, Emission Control Lab. Carbon monoxide pollutants (in pounds) produced by moving one ton of cargo 1,000 miles. (5)Source: Haulk, Allegheny Institute for Public Policy Report. Injury rate per billion ton-miles.

6. 5 Dry Cargo Barges in Operation by Year of Construction Favorable Barge Supply Fundamentals Approximately 17,800 dry cargo barges in operation today, of which 23% were built between 1979 and 1981 Average barge life is approximately 25 - 30 years High steel prices have accelerated scrapping of old equipment and limited new builds Barge attrition is forecasted at 4,800 units over the next 5 years, which represents 27% of the current industry dry cargo fleet Source: Informa Economics, Inc. and Criton ITC

7. 6 Current Barge Supply Trends Decreasing capacity has led to higher contract rates 2005 was the seventh consecutive year in which the number of barge retirements outnumbered new barges constructed 2006 is expected to be the eighth consecutive year of net barge capacity reduction Net=322 Net=(88) Net=(370) Net=(207) Net=(543) Net=(667) Net=(386) Total Cargo Barge Construction & Retirements (1998 – 2005) Source: Informa Economics, Inc. Net=(432)

8. 7 Steady Demand Dynamics Stable, predictable demand for river transported commodities (e.g. coal, steel, grain and petroleum) Demand growth expected to further accelerate given rail operational and capacity constraints High visibility given long-term nature of contracts (>12 months) and stability of demand Historical Mississippi River System Freight Volume Source: Waterborne Commerce Statistics Center, U.S. Army Corps of Engineers. 1984-2004 CAGR 1.4%

9. 8 Stable Liquid Cargo Pricing Trends ACL Liquid Rates - Fuel Neutral Very stable supply / demand fundamentals Liquid accounts for approximately 20% of ACL’s tonnage 2005 – Liquid cargo a “rational” market 13% Liquid Increase

10. 9 Strong Dry Cargo Pricing Trends ACL Grain and Bulk Rates - Fuel Neutral Rapidly improving supply / demand fundamentals in dry cargo business Dry cargo accounts for 80% of ACL tonnage transported All dry cargo commodities are experiencing double digit price increases net of fuel $165 million of ACL’s contract renewals to reprice in 2006 62% Grain Increase 43% Bulk Increase

11. 10 Jeffboat is the Second Largest Manufacturer of Barges in the United States Barge manufacturing industry effectively a duopoly based on number of barges manufactured Jeffboat market share of 41% Replacement cycle benefiting barge pricing / margins expected to run for 5+ years Industry manufacturing capacity sold out into 2008 (Jeffboat external backlog ~ $450 million) Early stages of a projected $2 billion dry cargo barge replacement cycle Jeffboat 41% Trinity 58% Other 1% Source: Informa Economics, Inc. and Company estimates; five year market share for years 2000 - 2004.

12. 11 The Jeffboat Opportunity Significant visibility into industry supply / demand fundamentals given industry fleet ages, shipyard capacity and Jeffboat backlog Current manufacturing cost structure: (as a percentage of revenues) –50-55% materials –40-45% labor and overhead Lean manufacturing initiatives driving significant labor and overhead cost reductions; labor hour reductions of 15% during the last 12 months Replacement demand, product mix, pricing improvements and cost reductions expected to result in a meaningful enhancement to revenue and EBITDA by 2007 Potential for robust top-line growth and improved profitability

13. 12 ACL Market Position Dry CargoLiquid Cargo Source: Informa Economics, Inc. as of 12/31/05. 3 of top 5 dry cargo carriers (30% share) are captives vs. independents

14. 13 2005 Revenues 2005 Domestic Transportation Revenues 3.0% Int’l Barging $22 mm 16% Manufacturing $121 mm 80% Transportation $588 mm 27% Grain 25% Liquids 11% Coal 8% Steel ACL Revenues and Commodity Mix $ 741 million $ 588 million 29% Bulk & Other 1% Other $10 mm

15. 14 Revenue per Barge Note: Domestic barges only. 90% increase in revenue per barge (44% increase fuel-neutral) since 2002 through increased pricing and improved barge utilization $125,165 $146,949 $183,368 $231,343

16. 15 Stock Performance ACL Closing Prices from BK Emergence to November 13, 2006

17. 16 Market Capitalization ACL Market Capitalization from BK Emergence to November 14, 2006

18. 17 Container-on-Barge (COB) Service

19. 18 McAlpine Locks and Dam