<PAGE>   1
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

[X]      Quarterly report pursuant to Section 13 or 15(d) of the Securities
         Exchange Act of 1934 - FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1998

                                       or

[ ]      Transition report pursuant to Section 13 or 15(d) of the Securities
         Exchange Act of 1934 - For the transition period from ________________
         to _____________________

         Commission File Number:    0-22276

                              ALLIED HOLDINGS, INC.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

<TABLE>
<CAPTION>
                       GEORGIA                                                               58-0360550
---------------------------------------------------------------------------------------------------------------------
<S>                                                                           <C>
(State or other jurisdiction of incorporation or organization)                (I.R.S. Employer Identification Number)
</TABLE>


            Suite 200, 160 Clairemont Avenue, Decatur, Georgia 30030
--------------------------------------------------------------------------------
                    (Address of principal executive offices)


                                 (404) 373-4285
--------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)


--------------------------------------------------------------------------------
(Former name, former address and former fiscal year, if changed since 
 last report)

         Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. [X] Yes [ ] No



Outstanding common stock, No par value at August 1, 1998...............7,877,547



                TOTAL NUMBER OF PAGES INCLUDED IN THIS REPORT: 13



<PAGE>   2


                                      INDEX

                                     PART I

                              FINANCIAL INFORMATION

<TABLE>
<CAPTION>
                                                                                                 PAGE
ITEM 1:           FINANCIAL STATEMENTS
<S>        <C>                                                                                   <C>
           Consolidated Balance Sheets as of  June 30, 1998 and
               December  31,  1997. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  3

           Consolidated Statements of Operations for the Three and Six
               Month Periods Ended June 30, 1998 and 1997 . . . . . . . . . . . . . . . . . . . .  4

           Consolidated Statements of Cash Flows for the Six
               Month Periods Ended June 30, 1998 and 1997 . . . . . . . . . . . . . . . . . . . .  5

           Notes to Consolidated Financial Statements . . . . . . . . . . . . . . . . . . . . . .  6


ITEM 2
           Management's Discussion and Analysis of Financial
               Condition and Results of Operations  . . . . . . . . . . . . . . . . . . . . . . .  8


                                     PART II

                                OTHER INFORMATION

ITEM 4
           Submission of  Matters to a Vote of Security Holder. . . . . . . . . . . . . . . . . . 11

ITEM 6

           Exhibits and Reports on Form 8-K   . . . . . . . . . . . . . . . . . . . . . . . . . . 12

           Signature Page   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
</TABLE>



                                       2
<PAGE>   3


PART 1 - FINANCIAL INFORMATION
ITEM 1 - FINANCIAL STATEMENTS

                     ALLIED HOLDINGS, INC. AND SUBSIDIARIES

                          CONSOLIDATED BALANCE SHEETS
                                 (IN THOUSANDS)
<TABLE>
<CAPTION>

                                                                                     JUNE 30             DECEMBER 31
                                                                                       1998                  1997
                                                                               -------------------   -------------------
                                                                                   (UNAUDITED)

                                 ASSETS

CURRENT ASSETS:
<S>                                                                            <C>                   <C>
         Cash and cash equivalents                                             $           11,318    $           10,530
         Short-term investments                                                            17,687                19,540
         Receivables, net of allowance for doubtful accounts                               79,569                74,881
         Inventories                                                                        7,089                 5,391
         Deferred tax assets                                                               18,212                17,812
         Prepayments and other current assets                                              21,314                21,519
                                                                               ------------------    ------------------
                      Total current assets                                                155,189               149,673
                                                                               ------------------    ------------------

PROPERTY AND EQUIPMENT, NET                                                               285,145               286,214
                                                                               ------------------    ------------------

OTHER ASSETS:

         Goodwill, net                                                                     99,020                99,310
         Notes receivable due from related parties                                              0                   573
         Other                                                                             35,113                23,169
                                                                               ------------------    ------------------
                       Total other assets                                                 134,133               123,052
                                                                               ------------------    ------------------
                       Total assets                                            $          574,467    $          558,939
                                                                               ==================    ==================

                  LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:

         Current maturities of long-term debt                                  $            2,974    $            2,980
         Trade accounts payable                                                            31,803                36,263
         Accrued liabilities                                                              108,030               118,436
                                                                               ------------------    ------------------
                       Total current liabilities                                          142,807               157,679
                                                                               ------------------    ------------------

LONG-TERM DEBT, LESS CURRENT MATURITIES                                                   248,891               228,003
                                                                               ------------------    ------------------

POSTRETIREMENT BENEFITS OTHER THAN PENSIONS                                                11,320                11,355
                                                                               ------------------    ------------------

DEFERRED INCOME TAXES                                                                      38,133                35,062
                                                                               ------------------    ------------------

OTHER LONG-TERM LIABILITIES                                                                68,770                69,512
                                                                               ------------------    ------------------

STOCKHOLDERS' EQUITY:

         Common stock, no par value; 20,000 shares authorized, 7,878 and 7,819
                  shares outstanding at June 30, 1998
                  and December 31,1997, respectively                                            0                     0
         Additional paid-in capital                                                        44,830                43,758
         Retained earnings                                                                 25,264                16,877
         Foreign currency translation adjustment, net of tax                               (4,145)               (2,826)
         Unearned compensation                                                             (1,403)                 (481)
                                                                               ------------------    ------------------
                  Total stockholders' equity                                               64,546                57,328
                                                                               ------------------    ------------------
                  Total liabilities and stockholders' equity                   $          574,467    $          558,939
                                                                               ==================    ==================
</TABLE>

   The accompanying notes are an integral part of these consolidated balance
   sheets.

                                       3


<PAGE>   4

                     ALLIED HOLDINGS, INC. AND SUBSIDIARIES

                     CONSOLIDATED STATEMENTS OF OPERATIONS
                     (IN THOUSANDS, EXCEPT PER SHARE DATA)
                                  (UNAUDITED)
<TABLE>
<CAPTION>

                                                        FOR THE THREE MONTHS ENDED                 FOR THE SIX MONTHS ENDED
                                                                  JUNE 30                                   JUNE 30
                                                      ------------------------------             ----------------------------
                                                        1998                  1997                 1998                1997
                                                        ----                  ----                 ----                ----
<S>                                                   <C>                   <C>                  <C>                 <C>
REVENUES                                              $280,641              $112,576             $534,031            $208,969
                                                      --------              --------             --------            --------
OPERATING EXPENSES:
  Salaries, wages and fringe benefits                  149,877                57,692              293,853             109,634
  Operating supplies and expenses                       48,660                17,307               93,286              32,563
  Purchased transportation                              25,717                10,220               46,531              19,170
  Insurance and claims                                  10,550                 4,289               19,683               8,098
  Operating taxes and licenses                           6,982                 4,332               15,645               8,190
  Depreciation and amortization                         13,015                 6,939               25,940              13,786
  Rents                                                  2,868                 1,239                5,897               2,470
  Communications and utilities                           2,072                   764                3,985               1,534
  Other operating expenses                               1,576                 1,150                3,100               2,074
                                                      --------              --------             --------            --------
        Total operating expenses                       261,317               103,932              507,920             197,519
                                                      --------              --------             --------            --------
        Operating income                                19,324                 8,644               26,111              11,450
                                                      --------              --------             --------            --------

OTHER INCOME (EXPENSE):
  Interest expense                                      (6,260)               (2,792)             (12,282)             (5,408)
  Interest income                                          565                   205                1,021                 357
                                                      --------              --------             --------            --------
                                                        (5,695)               (2,587)             (11,261)             (5,051)
                                                      --------              --------             --------            --------

INCOME BEFORE INCOME TAXES                              13,629                 6,057               14,850               6,399

INCOME TAX PROVISION                                    (5,932)               (2,544)              (6,463)             (2,688)
                                                      --------              --------             --------            --------

NET INCOME                                            $  7,697              $  3,513             $  8,387            $  3,711
                                                      ========              ========             ========            ========


 PER COMMON SHARE:
     BASIC                                            $   0.99              $   0.45             $   1.08            $   0.48
                                                      ========              ========             ========            ========
     DILUTED                                          $   0.98              $   0.45             $   1.07            $   0.48
                                                      ========              ========             ========            ========

COMMON SHARES OUTSTANDING:

     BASIC                                               7,748                 7,725                7,747               7,725
                                                      ========              ========             ========            ========
     DILUTED                                             7,861                 7,725                7,860               7,725
                                                      ========              ========             ========            ========
</TABLE>


 The accompanying notes are an integral part of these consolidated statements.

                                       4


<PAGE>   5

                     ALLIED HOLDINGS, INC. AND SUBSIDIARIES

                     CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (IN THOUSANDS)
                                  (UNAUDITED)

<TABLE>
<CAPTION>

                                                                                               FOR THE SIX MONTHS ENDED
                                                                                                        JUNE 30
                                                                                        ------------------------------------
                                                                                              1998                1997
                                                                                        -----------------   ----------------
                                                                                           (UNAUDITED)         (UNAUDITED)

CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                                                                     <C>                 <C>
   Net income                                                                           $          8,387    $          3,711
                                                                                        ----------------    ----------------
     Adjustments to reconcile net income to net cash provided by operating
     activities:
                   Depreciation and amortization                                                  25,940              13,786
                   Loss on sale of property and equipment                                            212                  27
                   Deferred income taxes                                                           3,497               1,405
                   Change in operating assets and liabilities:

                     Receivables, net of allowance for doubtful accounts                          (5,150)             (5,699)
                     Inventories                                                                  (1,739)               (128)
                     Prepayments and other current assets                                            128              (2,333)
                     Trade accounts payable                                                       (4,297)             (2,934)
                     Accrued liabilities                                                         (10,946)              6,685
                                                                                        ----------------    ----------------
                                Total adjustments                                                  7,645              10,809
                                                                                        ----------------    ----------------
                                Net cash provided by operating activities                         16,032              14,520
                                                                                        ----------------    ----------------


CASH FLOWS FROM INVESTING ACTIVITIES:

     Purchases of property and equipment                                                         (25,149)             (6,910)
     Proceeds from sale of property and equipment                                                    501                 114
     Purchase of businesses, net of cash acquired                                                (11,920)            (12,898)
     Decrease (increase) in short-term investments                                                 1,853                (301)
     Increase in the cash surrender value of life insurance                                       (1,190)             (1,283)
                                                                                        ----------------    ----------------
                                Net cash used in investing activities                            (35,905)            (21,278)
                                                                                        ----------------    ----------------


CASH FLOWS FROM FINANCING ACTIVITIES:

     Repayments of long-term debt                                                                 (1,233)            (11,404)
     Proceeds from issuance of long-term debt                                                     22,139              20,655
     Other, net                                                                                     (348)                  0
                                                                                        ----------------    ----------------
                                Net cash provided by financing activities                         20,558               9,251
                                                                                        ----------------    ----------------


EFFECT OF EXCHANGE RATE CHANGES ON CASH
         AND CASH EQUIVALENTS                                                                        103                 (57)


NET INCREASE IN CASH AND CASH EQUIVALENTS                                                            788               2,436


CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD                                                  10,530               1,973
                                                                                        ----------------    ----------------


CASH AND CASH EQUIVALENTS AT END OF PERIOD                                              $         11,318    $          4,409
                                                                                        ================    ================
</TABLE>


The accompanying notes are an integral part of these consolidated statements.

                                        5



<PAGE>   6



                     ALLIED HOLDINGS, INC. AND SUBSIDIARIES
             Notes to Consolidated Financial Statements (Unaudited)


Note 1.    Basis of Presentation

           The unaudited consolidated financial statements included herein have
           been prepared pursuant to the rules and regulations of the Securities
           and Exchange Commission. Accordingly, they do not include all of the
           information and footnotes required by generally accepted accounting
           principles for complete financial statements. The statements
           contained herein reflect all adjustments, all of which are of a
           normal, recurring nature, which are, in the opinion of management,
           necessary to present fairly the financial condition, results of
           operations and cash flows for the periods presented. Operating
           results for the three and six month periods ended June 30, 1998 are
           not necessarily indicative of the results that may be expected for
           the year ended December 31, 1998. The interim financial statements
           should be read in conjunction with the financial statements and notes
           thereto of Allied Holdings, Inc. and Subsidiaries, (the "Company")
           included in the Company's 1997 Annual Report on Form 10-K.

Note 2.    Long-Term Debt

           On September 30, 1997, the Company issued $150 million of 8 5/8 %
           senior notes (the "Notes") through a private placement. Subsequently,
           the senior notes were registered with the Securities and Exchange
           Commission. The net proceeds from the Notes were used to fund the
           acquisition of Ryder Automotive Carrier Services, Inc. and RC
           Management Corp., pay related fees and expenses, and reduce
           outstanding indebtedness. The Company's obligations under the Notes
           are guaranteed by substantially all of the subsidiaries of the
           Company (the "Guarantors"). Separate financial statements of the
           Guarantors are not provided herein as (i) the Guarantors are jointly
           and severally liable for the Company's obligations under the Notes,
           (ii) the subsidiaries which are not Guarantors are inconsequential to
           the consolidated operations of the Company and its subsidiaries and
           (iii) the net assets and earnings of the Guarantors are substantially
           equivalent to the net assets and earnings of the consolidated entity
           as reflected in these consolidated financial statements. There are no
           restrictions on the ability of the Guarantors to make distributions
           to the Company.

Note 3.    Acquisition of Ryder Automotive Carrier Services, Inc. and RC 
           Management Corp.

           On September 30, 1997, the Company completed the acquisition of Ryder
           Automotive Carrier Services, Inc. and RC Management Corp. from Ryder
           System, Inc. ( the "Acquisition" ) for approximately $114.5 million
           in cash, subject to post-closing adjustments. The subsidiaries of
           Ryder Automotive Carrier Services are engaged in car hauling, vehicle
           processing and dealer prep, rail unloading and loading services of
           vehicle railcars, and rail and port yard management. RC Management
           Corp. is principally involved in providing logistics services to the
           new retail used car superstores. The 




                                       6
<PAGE>   7


           operating results of Ryder's Automotive Carrier Group have been
           included with Allied's since the date of acquisition.

Note 4.    Investment in Axis do Brasil

           In February of 1998, the Company's wholly-owned subsidiary, Axis
           Group, Inc. completed the formation of a 50 percent owned venture in
           Brazil. The Brazilian venture, Axis do Brasil, is a partnership with
           Coimex Trading Company of Vitoria, Brazil, which is one of the
           largest trading companies in South America. Axis do Brasil is an
           equity partner in a newly formed Brazilian firm, Axis Sinimbu
           Logistica ("ASL"). ASL will provide supply chain logistics services
           for the automotive industry in the Mercosur countries. The Company
           accounts for its investment in ASL under the equity method of
           accounting.

Note 5.    Comprehensive Income

           Comprehensive income was $ 6.4 million for the second quarter 1998
           versus $3.2 million for the second quarter of 1997, and $7.1 million
           for the first six months of 1998 versus $3.4 million for the first
           six months of 1997. The difference between comprehensive income and
           net income is changes in the foreign currency translation adjustment,
           net of income taxes.

Note 6.    Earnings per Share

           In February 1997, the Financial Accounting Standards Board issued
           SFAS No. 128, "Earnings per Share." This new statement did not result
           in changes to the Company's earnings per share for the first two
           quarters of 1997.


                                       7
<PAGE>   8



Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND 
         RESULTS OF OPERATIONS

RESULTS OF OPERATIONS

         Revenues were $280.6 million for the second quarter of 1998 versus
         revenues of $112.6 million for the second quarter of 1997, an increase
         of 149 %. For the six-month period ended June 30, 1998, revenues were
         $534.0 million, versus revenues of $209.0 million reported for the same
         period last year, a 156 % increase. The significant increase in the
         Company's revenues was primarily attributable to the acquisition of
         Ryder's Automotive Carrier Group which was completed on September 30,
         1997. The results of Ryder's Automotive Carrier Group have been
         included with Allied's since the date of acquisition. The combined
         companies had a 7 % increase in the number of vehicles delivered during
         the second quarter of 1998 versus the second quarter of 1997 and a 6 %
         increase for the first six months of 1998 versus the first six months
         of 1997 due to increases in new vehicle production and sales.

         Net income was $7.7 million in the second quarter of 1998 versus $3.5
         million in the second quarter of 1997, a 120 % increase. Basic earnings
         per share for the second quarter of 1998 were $0.99 and diluted
         earnings per share were $0.98, versus basic and diluted earnings per
         share of $0.45 in the second quarter of 1997. For the six-month period
         ended June 30, 1998, net income was $8.4 million, compared with net
         income of $3.7 million for the comparable six-month period a year ago,
         an increase of 127 %. Basic earnings per share for the first six months
         of 1998 were $1.08 and diluted earnings per share were $1.07, versus
         basic and diluted earnings per share of $0.48 during the first six
         months of 1997.

         The Company's second quarter earnings were the highest quarterly
         earnings in the Company's sixty-four year history, even though the work
         stoppages at most General Motors manufacturing plants reduced the
         Company's 1998 second quarter earnings by approximately $0.10 per
         share. Additionally, the work stoppages have had a continuing adverse
         impact on the Company. The Company estimates that the work stoppages
         will reduce third quarter revenues by $25 million. The record earnings
         were attributable to increased vehicle deliveries from the Ryder
         Automotive Carrier Group acquisition, increased new vehicle production
         and sales, and an improved performance by the Axis Group, Inc., Allied
         Holdings' logistics subsidiary. The Axis Group, Inc. recorded an
         operating profit of approximately $700,000 led by strong
         port-processing and carrier management activities during the quarter,
         together with contributions from Axis' recent venture in Brazil. This
         was the first quarter the Axis Group posted an operating profit since
         its inception in April 1996.

         Salaries, wages and fringe benefits increased from 51.3 % of revenues
         in the second quarter of 1997 to 53.4 % of revenues for the second
         quarter of 1998, and from 52.5 % of revenues 



                                       8
<PAGE>   9


         for the first six months of 1997 to 55.0 % of revenues for the first
         six months of 1998. The increase was primarily due to annual salary and
         benefit increases together with additional acquisition related terminal
         consolidations and computer conversion costs offset by continued
         productivity and efficiency improvements.

         Operating supplies and expenses increased from 15.4 % of revenues in
         the second quarter of 1997 to 17.3 % of revenues for the second quarter
         of 1998, and from 15.6 % of revenues for the first six months of 1997
         to 17.5 % of revenues for the first six month of 1998. The increase was
         primarily the result of the acquisition of Ryder's Automotive Carrier
         Group as its operating costs as a percentage of revenues were higher
         than the Company's.

         Purchased transportation expense increased slightly from 9.1 % of
         revenues in the second quarter of 1997 to 9.2 % of revenues for the
         second quarter of 1998. However, for the six-month period ended June
         30, 1998, purchased transportation was 8.7 % of revenues compared to
         9.2 % of revenues for the same period last year. The decrease was
         primarily due to the decrease in the mix of owner operators to company
         drivers and the ability to haul more vehicles with Company drivers thus
         reducing the number of vehicles delivered by other carriers for the
         Company. All costs for owner-operators are included in purchased
         transportation.

         Insurance and claims expense as a percentage of revenues remained
         approximately unchanged during the second quarter of 1998 compared to
         the second quarter of 1997. However, for the six-month period ended
         June 30, 1998, insurance and claims expense decreased to 3.7 % of
         revenues from 3.9 % of revenues for the first six months of 1997. The
         decrease was primarily due to lower cargo claims costs resulting from
         the continuation of quality programs instituted in 1997.

         Depreciation and amortization expense decreased from 6.2 % of revenues
         in the second quarter of 1997 to 4.6 % for the second quarter of 1998,
         and from 6.6 % for the six months of 1997 to 4.9 % of revenues for
         comparable six-month period a year ago. The decrease was primarily the
         result of depreciation expense on the rigs acquired through the
         acquisition of Ryder's Automotive Carrier Group representing a lower
         percentage of revenues than the Company's due to the age and useful
         lives of the rigs.



FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES


         Net cash provided by operating activities totaled $16.0 million for the
         six months ended June 30, 1998 versus $14.5 million for the first six
         months ended June 30, 1997. The increase in cash provided by operating
         activities was primarily due to changes in working capital due to the
         seasonality of the Company's revenues.

         Net cash used in investing activities totaled $35.9 million for the six
         months ended June 30, 1998 versus $21.3 million for the same period in
         1997. The increase was primarily 



                                       9
<PAGE>   10


         due to an increase in capital expenditures, from $6.9 million for the
         first six months of 1997 to $25.1 million for the first six months of
         1998. This increase was due to the increase in the number of new
         tractors and trailers purchased by the Company together with an
         increase in modifications to existing tractors and trailers due to an
         increase in the fleet size as a result of the Ryder Automotive Carrier
         Group acquisition. In addition, net cash used in investing activity
         increased because the Company invested $11.9 million to form Axis do
         Brasil in February 1998.

         Net cash provided by financing activities totaled $20.6 million for the
         six months ended June 30, 1998 versus $9.3 million for the six months
         ended June 30, 1997. The increase was primarily due to borrowings made
         in the first quarter of 1998 to finance the Company's investment in
         Brazil. Also, the Company had net borrowings in the second quarter of
         1998 due to the payment of certain liabilities resulting from the Ryder
         Automotive Carrier Group acquisition. The liabilities had been accrued
         at the acquisition date and relate to litigation, severance,
         relocation, and other acquisition related costs.


         Seasonality and Inflation

         The Company's revenues are seasonal, with the second and fourth
         quarters generally experiencing higher revenues than the first and
         third quarters. The volume of vehicles shipped during the second and
         fourth quarters is generally higher due to the introduction of new
         models which are shipped to dealers during those periods and the higher
         spring and early summer sales of automobiles and light trucks. During
         the first and third quarters, vehicle shipments typically decline due
         to lower sales volume during those periods and scheduled plant shut
         downs. Inflation has not significantly affected the Company's results
         of operations.


         Cautionary notice regarding Forward-Looking Statements

         Statements in this quarterly report on Form 10-Q that are not strictly
         historical are "forward-looking" statements. Investors are cautioned
         that such statements 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 downturns in new vehicle production or sales, labor disputes
         involving the Company or its significant customers, risks associated
         with conducting business in foreign countries and the ability to
         integrate the acquisition of Ryder's Automotive Carrier Group.
         Investors are urged to carefully review and consider the various
         disclosures made by the Company in this quarterly report and in the
         Company's other reports filed with the Securities and Exchange
         Commission.


                                       10
<PAGE>   11


                                     PART II


                                OTHER INFORMATION




Item 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         On May 27, 1998 the Annual Meeting of Shareholders was held. The
         following Directors were elected for terms which will expire on the
         date of the annual meeting in the year indicated below. The number of
         shares voted for, against and abstentions are also indicated.

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------
                                 FOR                  AGAINST              ABSTAIN                TERM
-----------------------------------------------------------------------------------------------------------------
<S>                              <C>                  <C>                  <C>                    <C> 
Joseph W. Collier                5,511,283            0                    305                    2001
-----------------------------------------------------------------------------------------------------------------
Guy W. Rutland, IV               5,511,283            0                    305                    2001
-----------------------------------------------------------------------------------------------------------------
Randall E. West                  5,511,278            0                    310                    2001
-----------------------------------------------------------------------------------------------------------------
Berner F. Wilson                 5,511,283            0                    305                    2001
-----------------------------------------------------------------------------------------------------------------
William P. Benton                5,511,280            0                    308                    2000
-----------------------------------------------------------------------------------------------------------------
</TABLE>


            The following Directors' terms will continue as indicated.

<TABLE>
                         <S>                                <C> 
                         David G. Bannister                 2000
                         A. Mitchell  Poole, Jr.            2000
                         Robert J. Rutland                  2000
                         Bernard O. De Wulf                 1999
                         Guy W. Rutland, III                1999
                         Robert R. Woodson                  1999
</TABLE>



                                       11
<PAGE>   12


Item 6.  EXHIBITS AND REPORTS ON FORM 8-K.

         (a) Exhibits:  Ex 27.1 Financial Data Schedule (For SEC use only).

         (b) Reports on Form 8-K: There were no reports filed on Form 8-K
                                  for the quarter ended June 30, 1998.



                                       12
<PAGE>   13


                                   SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                           Allied Holdings, Inc.



August 13, 1998                            /s/A. Mitchell Poole, Jr.
---------------                            -------------------------------------
   (Date)                                  A. Mitchell Poole, Jr.
                                           on behalf of Registrant as
                                           President, Chief Operating Officer,
                                           Chief Financial Officer and
                                           Assistant Secretary




                                       13