# ACL barge bankruptcy could be a plus for river rates - FreightWaves

> American Commercial Lines, the second-largest U.S. barge owner, filed a voluntary prepackaged Chapter 11 bankruptcy in Houston. The restructuring converts $1 billion of debt to equity and adds $200 million in new equity plus $690 million in debtor-in-possession financing. An analyst said the process could benefit the inland barge industry overall.

- Date: 2020-02-10 · published 2020-02-10T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/54764-acl-barge-bankruptcy-could-be-a-plus-for-river-rates-freightwaves
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Restructuring a large dry-cargo barge fleet that carries grain could ease overcapacity and support freight rates on the Mississippi, which lowers effective costs for grain shipments.

## Read by commodity

- BARGE: bullish ▲

## Sources

- freightwaves.com: https://www.freightwaves.com/news/acl-barge-bankruptcy-could-be-a-plus-for-river-rates

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.