Amex Accepts Allied Holdings' Plan to Meet Continued Listing Standards

DECATUR, Ga., Feb. 7, 2005 -- Allied Holdings, Inc. (AMEX:AHI) announced today that on January 31, 2005, the American Stock Exchange ("Amex") notified Allied that it accepted Allied's plan to regain compliance with the shareholders' equity standard provided in Section 1003(a) of the Amex Company Guide. The Amex has determined, in accordance with Section 1009 of the Amex Company Guide, that Allied's plan makes a reasonable demonstration of Allied's ability to regain compliance with the continued listing standards by May 26, 2006.

Allied's listing is being continued in accordance with an extension as a result of the staff's acceptance of the plan. The continued listing is subject to Allied gaining compliance with the continued listing standards by May 26, 2006 and Allied providing the Amex staff with updates in conjunction with the initiatives of the plan no later than at the end of each calendar quarter. The Amex staff will review Allied periodically for compliance with the plan and if the Company does not show progress consistent with the plan, the Amex staff may immediately commence delisting proceedings. At May 26, 2006, Allied must be in compliance with all of the continued listing standards and the failure to regain compliance by such date will likely result in the Amex staff initiating delisting proceedings.

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 its ability to meet the Amex continued listing standards 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 and customer agreements, the Company's ability to successfully implement internal controls and procedures that remediate the material weakness and insure timely and accurate financial reports, 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/ .