Allied Holdings Anticipates Delay in Completion of Form 10-Q

DECATUR, Ga., Nov. 23, 2004 -- Allied Holdings, Inc. (AMEX:AHI) announced today that it anticipates a continued delay in the completion and filing of its quarterly report on Form 10-Q for the quarter ended September 30, 2004. As reported on the Company's Form 12b-25, and filed with the Securities and Exchange Commission, the Company had anticipated filing the Form 10-Q no later than November 22. The continued delay in filing the Form 10-Q is necessary, however, to allow the Company to complete its internal review of the report.

Allied expects to file its Form 10-Q for the quarter ended September 30, 2004 upon completion of its internal review. The Company currently believes that its internal review will be completed and the Form 10-Q will be filed no later than November 24, 2004. The Company has devoted, and will continue to devote, significant resources to expedite the work necessary to complete and file its Form 10-Q as soon as possible.

About Allied Holdings

Allied Holdings, Inc. is the parent company of several subsidiaries engaged in providing distribution and transportation services of new and used vehicles to the automotive industry. The services of Allied's subsidiaries span the finished vehicle continuum, and include car-hauling, intramodal transport, inspection, accessorization and dealer prep. Allied, through its subsidiaries, is the leading company in North America specializing in the delivery of new and used vehicles.

Statements in this press release that are not strictly historical are "forward looking" statements. Such statements include, without limitations, any statements containing the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "seek," and similar expressions. Investors are cautioned that such statements, including statements regarding the its internal review of the Form 10-Q, are subject to certain risks and uncertainties that could cause actual results to differ materially. Without limitation, these risks and uncertainties include economic recessions or extended or more severe downturns in new vehicle production or sales, the highly competitive nature of the automotive distribution industry, the ability of the Company to comply with the terms of its current debt agreements, the ability of the Company to obtain financing in the future and the Company's highly leveraged financial position. Investors are urged to carefully review and consider the various disclosures made by the Company in this press release and in the Company's reports filed with the Securities and Exchange Commission.

NOTE: For additional information about Allied, please visit our website at http://www.alliedholdings.com/ .