EXHIBIT 99.1



CONTACT
Daniel H. Popky
Sr. Vice President & CFO
404/370-4277

            ALLIED HOLDINGS AMENDS ITS SENIOR SECURED CREDIT FACILITY

DECATUR, GEORGIA, SEPTEMBER 4, 2003 - ALLIED HOLDINGS, INC. (AMEX:AHI) ANNOUNCED
TODAY THAT IT HAS SUCCESSFULLY COMPLETED AN AMENDMENT TO ITS SENIOR SECURED
CREDIT FACILITY TO EXTEND THE MATURITY, INCREASE LIQUIDITY, AND ADJUST FINANCIAL
COVENANTS AMONG OTHER CHANGES. The amendment provides Allied with a $190 million
senior secured facility consisting of a $100 million term loan and a $90 million
revolving credit facility. The amendment extends the final maturity date of the
entire facility from February 2005 to September 2007. Ableco Finance LLC and
Wells Fargo Foothill, Inc., a wholly-owned subsidiary of Wells Fargo & Company
(NYSE:WFC), remain as agents of the amended facility.

The $100 million term loan will bear interest in a range between 8.5% and 11.5%
to be determined based solely on the Company's leverage as defined in the
agreement. The interest rates on the previous term loans were based solely on a
spread over the prime rate. The weighted average rate of interest on the prior
term loans before the amendment was 10.0%. Interest rates under the amended
revolving credit facility will remain unchanged from the prior facility at the
prime rate plus 1.5% with a minimum interest rate of 6.5%.

Prior to the amendment, the senior credit facility consisted of a $120 million
revolving credit facility and $82.75 million of term loans. Prior to the
amendment the unpaid balance of the term loans was $66.0 million and outstanding
borrowings under the revolving credit facility were $36.5 million. As a result
of the amendment, the outstanding balance of the term loans will be increased to
$100 million with a corresponding reduction to the outstanding borrowings under
the revolving credit facility. This change will provide additional liquidity
under the revolving credit facility. The amended facility also reduces the
minimum EBITDA covenant, as defined in the agreement, to $50 million for a
rolling twelve-month period. The amended facility continues to be secured by all
assets of the Company and its subsidiaries (other than its captive insurance
company). Allied's $150 million of 8 5/8% senior unsecured notes due in 2007
will continue as a part of the Company's capital structure.

Commenting on the announcement, Hugh E. Sawyer, Allied's President and Chief
Executive Officer, said, "The amended facility provides Allied with more
favorable financial covenants, additional availability and extends the maturity
date of the facility for an additional two and a half years. More flexible
covenants and additional availability will facilitate opportunities for
investments in the equipment and technology that supports outstanding customer
service. Although we will continue to face challenging external events in this
transition year of the turnaround, this amendment to our senior secured credit
facility is clearly another positive step in the revitalization of Allied
Holdings."

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 effects of the amended credit
facility, including, without limitation, the positive affect on the Company's
revitalization efforts and the increased flexibility and the increased
availability to invest in equipment and technology resulting from the amended
covenants contained in the credit facility 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
www.alliedholdings.com.