 | |
- close
- close
|
StreetInsider.com
Oct 23
Comment
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Horizon+Lines+%28HRZ%29+Reports+Q3+EPS+of+%240.37%3B+Guides/5039957.html for the full story.
PR Newswire
Oct 23
Comment
CHARLOTTE, N.C., Oct. 23 /PRNewswire-FirstCall/ -- Horizon Lines, Inc. (NYSE: HRZ), today reported results for its fiscal third quarter ended September 20, 2009. On a GAAP basis, net income totaled $8.4 million, or $0.27 per diluted share, on revenue
PR Newswire
Oct 22
Comment
CHARLOTTE, N.C., Oct. 22 /PRNewswire-FirstCall/ -- Horizon Lines, Inc. (NYSE: HRZ), today announced that its Board of Directors has voted to declare a regular quarterly cash dividend of $0.11 per share, payable on December 15, 2009, to stockholders
PR Newswire
Oct 9
Comment
CHARLOTTE, N.C., Oct. 9 /PRNewswire-FirstCall/ -- Horizon Lines, Inc. (NYSE: HRZ), announced today that it will release third-quarter financial results before the stock market opens on Friday, October 23, 2009, followed by a conference call at 11:00
Horizon Lines to Present at Morgan Keegan Industrial/Transportation Conference on September 17, 2009
PR Newswire
Sep 10
Comment
CHARLOTTE, N.C., Sept. 10 /PRNewswire-FirstCall/ -- Horizon Lines, Inc. (NYSE: HRZ), today announced that Brian Taylor, President and Chief Operating Officer of Horizon Logistics, LLC, and Michael Avara, Senior Vice President and Chief Financial
market folly
Sep 10
Comment
Seth Klarman's hedge fund Baupost Group has sold shares of Facet Biotech (FACT) as detailed in recent SEC filings: a Form 4 and an amended 13D. On September 4th, 2009 Klarman sold 867,532 shares with the bulk of those orders going through at...
PR Newswire
Sep 3
Comment
CHARLOTTE, N.C., Sept. 3 /PRNewswire-FirstCall/ -- Horizon Lines, Inc., (NYSE: HRZ), the nation's leading domestic ocean shipping and integrated logistics company, announced today that it will add regularly scheduled vessel container service between
market folly
Aug 10
Comment
Recently, Seth Klarman's hedge fund filed a flurry of 13G's and we're back again as always to track the latest developments out of Baupost Group. Both documents were filed due to Baupost's activity on July 31st, 2009. Firstly, they've filed an...
The Shipping Stocks Blog
Jul 27
Comment
Horizon Lines, Inc. - Press Release.
Horizon Lines [[HRZ]] is primarily a U.S. flagged container carrier serving Alaska, Hawaii and Puerto Rico from mainland U.S. ports. The earnings release show the company maintaining a level of...
|
Topic
Top news source/blog that we're missing
Why do you recommend this news source?
|
||
more ▼WIKI ANALYSIS
WIKI ANALYSIS
 |
The article on this company has not been written yet. If you're the first person to write this article, it's a sure thing that you'll be credited as a Top Contributor. For tips on getting started, check out the sample article. |
TOP CONTRIBUTORS
HRZ AT A GLANCE
Horizon Lines is a maritime transport and logistics company. It is the only Jones Act shipper to serve the 3 non-contiguous regions of Puerto Rico, Alaska and Hawaii. In addition, the company also ships to Guam as well as Asia as part of an agreement with Moller Maersk.[1]
Business
Competitors
Horizon doesn't have a direct competitor for comparison as it is the only Jones Act shipper to service all three non-contiguous US ports (Puerto Rico, Hawaii/Guam, Alaska). The competitors listed below are also Jones Act shippers but have other operations and/or focus.
Alexander & Baldwin - Hawaii-based operator with operations in sugar & real estate:
- Largest Jones Act shipper in the Hawaii market
- Produces 3% of U.S. sugar output
- Hawaiian real estate may not be as vulnerable as contiguous US real estate
- Heavy focus on automobile cargo, which is lower margin
- Rising fuel costs affecting all shippers
- Entry into foreign markets without Jones Act protection
- Exposure to US housing market.
- Sugar market has not performed like other commodities in recent years.
Kirby (KEX) - Inland tank barge carrier focused mainly on petrochemical liquids transportation with some operations in diesel engine services.
- Market leader in inland transport of petrochemicals.
- Diesel engine segment may experience growth as economies focus on climate change and energy efficiency.
- Petrochemical shipping is more resistant to economic slowdowns.
- Higher capex costs due to large and aging fleet
- 25% of business from 2 customers: Dow Chemicals & ExxonMobil[2]
References
| ||||||
|
|
