Horizon Lines today reported its container traffic in the second quarter of 2013 totaled 56,159 revenue loads, down 6.0 percent from 59,768 containers for the same period a year ago.
The decline was primarily a result of the reduced number of sailings between Jacksonville, Fla., and San Juan, Puerto Rico, according to the container line.
Revenue per container totaled $4,263 in the second quarter, sliding slightly from $4,269 in the second quarter of 2012. However, quarterly revenue per container, net of fuel surcharges, was $3,250, up 2.6 percent year-over-year. Vessel fuel costs averaged $659 per metric ton in the second quarter, 10.1 percent below the average price of $733 per ton in the same quarter last year.
Overall, Horizon Lines recorded a net loss of $0.9 million in the second quarter, compared with a net loss of $31.1 million in the corresponding period in 2012.
The improvement was driven by reduced vessel charter expense, lower dry-dock transit and crew-related expenses, lower fuel consumption, higher non-transportation revenue, reduced overhead and gains on the sale of assets, although partially offset by reduced container volume and increased vessel operating expenses, said Sam Woodward, president and CEO of Horizon Lines, in a written statement.
Revenue in the second quarter declined 4.1 percent to $259.8 million, compared with $270.9 million in second quarter 2012.
For the first half of 2013, Horizon posted a net loss of $20.9 million, versus a loss of $57.9 million in the first six months of 2012. Revenue from January to June 2013 fell 5.6 percent year-over-year to $504.3 million.
Management said it expects full-year 2013 revenue container volume, excluding the loss of revenue loads associated with the number of reduced sailings between Jacksonville and San Juan, as well as rates, to be slightly higher than 2012 levels.