Horizon Lines

Horizon Lines

Horizon Lines ship

Horizon Lines is a U.S. domestic ocean carrier operating in the Continental US, Hawaii, Alaska, and Puerto Rico. It is the largest Jones Act container shipping company, and the only American carrier serving all three offshore domestic markets. The Charlotte, North Carolina-based company was established in 1956 and originated as Sea-Land Service before its name change to Horizon Lines in 2005.

Horizon Lines operates 13 vessels and transports a wide range of cargo including refrigerated, military and government, hazardous material, and vehicles and household goods. The company employs approximately 1,882 individuals and recorded 2013 revenues of $1.04 billion — down 2.8 percent year-over-year.

Horizon Lines was the 35th-ranked container carrier in U.S containerized import trade in 2013, with volume of 29,138 TEUs, down 15.2 percent year-over-year, giving it market share of 0.2 percent. It was No. 23 in U.S. containerized export trade in 2013, with volume of 119,660 TEUs, down 13.2 percent year-over-year and market share of 0.9 percent. For more carrier rankings see the JOC’s Top 40 Container Carriers special topic.

West Coast
15 Nov 2014
JOC.com readers continued to devour news emerging from the U.S. West Coast this past week, but one story on Horizon Lines being dissolved slipped into the Top 10.
11 Nov 2014
The U.S. domestic carrier Horizon Lines is being broken up, the company announced on Tuesday, with its Puerto Rico service being shut down and its Alaska and Hawaii service being sold to existing carriers in those markets.
24 Oct 2014
U.S.-flag domestic carrier Horizon Lines reported higher third-quarter profit as an 8.9 percent rise in container volume offset a 5.1 percent drop in average revenue per box.
04 Sep 2014
Steven L. Rubin has been named president and CEO at Horizon Lines after serving in those posts on an interim basis for the last two months.
01 Aug 2014
Hawaii-focused Matson remains interested in entering the Alaska market if one of the two Jones Act carriers in that trade decides to sell.
31 Jul 2014
Horizon Lines reported a 10.8 percent increase in its second-quarter container volume but said rates declined, largely because of growing competition on its Jones Act domestic trades.
Images for weekly wrap-up
26 Jul 2014
The International Longshore and Warehouse Union and the Pacific Maritime Association met for three days this past week without concluding negotiations; at the weekend, the parties announced a week-long recess in the talks. German carrier Hamburg Süd announced plans to acquire the container operations of Chile’s CCNI, in a move resembling the deal between larger competitor Hapag-Lloyd and Chile’s CSAV, and Crowley is reported to be in talks to acquire Horizon Lines’ Puerto Rico assets. Earnings reports by U.S. truckload carriers are pointing to a stronger freight recovery in the United States, though rail service continues to be held back. And on Friday, Anne S. Ferro announced her departure from the Federal Motor Carrier Safety Administration after five years leading the agency.
24 Jul 2014
A sale of Horizon Lines’ Puerto Rico service could prompt the carrier to also sell its Alaska route, with Matson the most likely buyer, analysts at investment bank Stifel Nicolaus said in a research note.
21 Jul 2014
Crowley Maritime Corp. is in talks to acquire the Puerto Rico ships, routes and San Juan port facilities of competitor Horizon Lines for about $80 million, according to a report in Caribbean Business.
Weekly wrap-up for July 19
19 Jul 2014
While it is obvious that beneficial cargo owners shipped early this year through the West Coast in anticipation of the July 1 deadline for contract negotiations between the International Longshore and Warehouse Union and waterfront employers, reports of cargo surges at Canadian and U.S. East Coast ports in May and June indicate retailers were also diverting shipments away from West Coast ports.
14 Jul 2014
Horizon Lines will have difficulty refinancing its heavy debt during the next two years and may be forced to shed assets, a move that would shake up the Jones Act domestic trade, analysts from BB&T Capital Markets said.
01 Jul 2014
Steven L. Rubin has been named interim president and CEO at Horizon Lines following the resignation of Samuel A. Woodward, who had headed the Jones Act domestic carrier for the last two years.