Horizon Lines said refrigerated shipments helped bolster its bottom line during the fiscal third quarter.
“Horizon Lines generated a 3.4 percent improvement in container volume and a 2.9 percent increase in container revenue, net of fuel surcharges, for the third quarter, relative to the same period a year ago,” said Sam Woodward, president and CEO.
Woodward said Alaska’s seasonally strong summer business benefited from increased northbound automobile shipments and southbound seafood volume. Hawaii’s positive volume trend continued during the quarter, driven in part by stronger tourism. Puerto Rico revenue container loads contracted on lower volume. Reduced shipments in Puerto Rico were partially offset by stabilizing container rates and increased refrigerated cargo volume relative to 2011’s third quarter.