The comment by Walter is on the right track: The "acceleration" does not refer to the fact that recession speed increases with distance, because this is just a consequence of space expanding everywhere. This is why we measure the expansion in km/s per megaparsec. Today, the expansion rate (the Hubble constant) is $H_0 \simeq 70\,\mathrm{km}\,\mathrm{s}^{-1}\,\mathrm{Mpc}^{-1}$.
But there's a small mistake in Walter's comment: The Hubble doesn't increase in value, but decreases. This can be seen from the Friedmann equation, which governs the expansion:
$$\frac{H^2}{H_0^2} =
\frac{\Omega_\mathrm{r}}{a^4} +
\frac{\Omega_\mathrm{M}}{a^3} +
\frac{\Omega_k}{a^2} +
\Omega_\mathrm{\Lambda}.
$$
Here, $a$ is the scale factor of the Universe, which gives the relative distances between objects (galaxies), and the $\Omega$'s give the relative densities of the constituents of the Universe. As the Universe increases (i.e. $a$ increases), radiation, matter, and curvature (subscripts r, M, and k, respectively) are "diluted", but dark energy ($\Lambda$) is constant and will eventually dominate, such that $H$ asymptotically reaches $H(a) = H_0\sqrt{\Omega_\Lambda}$ $\simeq 60\,\mathrm{km}\,\mathrm{s}^{-1}\,\mathrm{Mpc}^{-1}$. This means that, at any time you measure the recession velocity of a galaxy 1 Mpc away, it will recede at $60\,\mathrm{km}\,\mathrm{s}^{-1}\,\mathrm{Mpc}^{-1}$. But the velocity of a given galaxy (e.g. one that is 1 Mpc away right now) will always increase, since in the future it will be farther away than 1 Mpc. If it weren't for dark energy, the expansion velocity would go toward zero (an eventually be negative if $\Omega_\mathrm{M}\gt1$, i.e. the Universe would collapse).
The scale factor as a function of the age of the Universe can be obtained by integrating the Friedmann equation. Now if the Universe contained only regular matter, the scale factor would increase in time according to $a(t) \propto t^{2/3}$, i.e. proportionally to time to some factor less than unity. But in a $\Lambda$-dominated Universe — which is where we are going — the solution turns out to be $a(t) \propto e^{H_0 t}$, i.e. an exponential growth.
This is what is meant by "an accelerating Universe".