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Allied Holdings Extends Exchange Offer for Senior Notes

18 November 1997

Allied Holdings Extends Exchange Offer for Senior Notes

    DECATUR, Ga., Nov. 17 -- Allied Holdings, Inc.
announced today that it extended to November 21, 1997 a previously announced
exchange offer for its 8-5/8% Series A Senior Notes due 2007.
    Under the exchange offer, which was to expire November 17, 1997, Allied
and certain of its subsidiaries are offering registered 8-5/8% Series B Senior
Notes in exchange for 8-5/8% Series A Senior Notes.
    Allied Holdings, Inc.  Is the parent company of several subsidiaries
engaged in the automotive distribution business.  The Allied Automotive Group
is the largest motor carrier in North America specializing in the delivery of
automobiles and light trucks.  The Automotive Group transports for all major
domestic and foreign manufacturers primarily from manufacturing plants, rail
ramps, ports and auctions to automobile dealers throughout the United States
and Canada.  Allied Holdings' Axis Group provides logistics solutions to the
finished vehicle, service and aftermarket parts segments of the automotive
market based on an underlying business philosophy of Move, Improve, Inform.
The Axis Group identifies new and innovative methods of distribution as well
as better uses of traditional and emerging technologies to help customers
solve the most complex transportation, inventory management and logistics
problems.

SOURCE  Allied Holdings, Inc.