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Allied Holdings Announces Strategic Realignment

1 August 2000

Allied Holdings Announces Strategic Realignment

    DECATUR, Ga. - Allied Holdings, Inc. announced today that it is realigning 
to establish a corporate structure that streamlines its organization and 
provides greater capabilities to meet customer expectations and increase 
shareholder value.  These changes are effective immediately.

    Allied Holdings, Inc. will eliminate three service companies -- Allied
Industries, Haul Risk Management, and Link Information Systems -- and align
those resources into the two remaining operating companies; Allied Automotive
Group and Axis Group.  Allied Automotive Group is the largest automotive
transporter and distributor in North America.  Axis Group provides logistics
solutions, on a global basis, across the entire automotive supply chain.

    "This realignment creates a more effective organizational structure and is
part of our strategic initiative to manage our businesses in a cost-efficient
manner that creates a fair value for shareholders," said A. Mitchell Poole
Jr., vice chairman and CEO of  Allied Holdings, Inc. "We remain committed to
our vision of being the leading global provider of transportation and
distribution services to the automotive industry and will continue to identify
methods to improve our financial performance and reduce expenses in every
area."

    "Allied Automotive Group and Axis Group will have improved decision-making
capabilities, and total accountability for customer service and other critical
performance issues," added Randall E. West, president and COO of Allied
Holdings, Inc.  "The two operating companies will also have their own
financial, human resource, and information technology assets required to be
more competitive in today's automotive marketplace."

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