New boss Ryan to slash $3m costs at American Commercial

Rajesh Joshi New York - Thursday 8 May 2008

THE first set of quarterly results posted by American Commercial Lines under the leadership of new chief executive Michael Ryan includes a $3m cost-cutting programme, writes Rajesh Joshi.

The Nasdaq-listed operator and builder of inland waterway barges, located in Jeffersonville, Indiana, yesterday unveiled a first quarter net profit of $2.31m, co...