The 1954–55 AHL season was the 19th season of the American Hockey League. Six teams played 64 games each in the schedule. The "Carl Liscombe Trophy" for the league's top scorer is renamed to the John B. Sollenberger Trophy. The All-Star game is revived, with the AHL All-Stars taking on the defending champions Calder Cup champions from the previous season. The Pittsburgh Hornets finished first overall in the regular season, and won their second Calder Cup championship.
- The Syracuse Warriors move back to West Springfield, Massachusetts, reverting to their old name, the Springfield Indians.
Note: GP = Games played; W = Wins; L = Losses; T = Ties; GF = Goals for; GA = Goals against; Pts = Points;
Note: GP = Games played; G = Goals; A = Assists; Pts = Points; PIM = Penalty minutes
|Eddie Olson||Cleveland Barons||60||41||47||88||48|
|Ken Wharram||Buffalo Bisons||63||33||49||82||15|
|Ross Lowe||Springfield Indians||60||32||50||82||91|
|Fred Glover||Cleveland Barons||58||33||42||75||108|
|Walt Atanas||Springfield Indians||62||29||45||74||66|
|Paul Larivee||Providence Reds||62||29||45||74||19|
|Zellio Toppazzini||Providence Reds||62||21||53||74||12|
|Arnie Kullman||Hershey Bears||62||23||48||71||67|
|Jim Anderson||Springfield Indians||63||39||32||71||40|
|Ellard O'Brien||Hershey Bears||62||31||38||69||28|
- First Round
- Pittsburgh Hornets defeated Springfield Indians 3 games to 1.
- Buffalo Bisons defeated Cleveland Barons 3 games to 1.
The second AHL All-Star game was played on October 27, 1954, after a 12 year hiatus. The defending Calder Cup champions Cleveland Barons lost 7-3 to the AHL All-Stars, in a game played at the Hershey Sports Arena, in Hershey, Pennsylvania.
- Team Awards
|F. G. "Teddy" Oke Trophy
Regular Season champions:
- Individual Awards
|Les Cunningham Award
Most valuable player:
|Ross Lowe - Springfield Indians|
|John B. Sollenberger Trophy
Top point scorer:
|Eddie Olson - Cleveland Barons|
|Dudley "Red" Garrett Memorial Award
Rookie of the year:
|Jimmy Anderson - Springfield Indians|
|Harry "Hap" Holmes Memorial Award
Lowest goals against average:
|Gil Mayer - Pittsburgh Hornets|