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.
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.
12 May 2014
Horizon Lines expects moderate container traffic growth between the U.S. mainland and Puerto Rico, Hawaii and Alaska this year but anticipates weaker container pricing than in 2013.
07 Mar 2014
Sea Star Line LLC will pay $1.9 million and Horizon Lines LLC will pay $1.5 million to settle claims that government agencies were victimized by a carrier price-fixing scheme in the U.S. mainland-Puerto Rico trade from 2002 to 2008.
08 Nov 2013
The U.S. Department of Transportation’s Maritime Administration has allocated $1.4 million for two projects that will collect information on the use of liquefied natural gas...
06 Nov 2013
Horizon Lines reported its revenue in the third quarter of 2013 dropped 2.1 percent year-over-year to $273.7 million...
02 Aug 2013
Horizon Lines today reported its container volume in the second quarter of 2013 totaled 56,159 revenue loads, down 6.0 percent from 59,768 loads for the same period a year ago.