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PR Newswire
Feb 1
Comment
CHARLOTTE, N.C., Feb. 1 /PRNewswire-FirstCall/ -- Horizon Lines, Inc. (NYSE: HRZ), today announced that it has established a record date for its 2010 annual meeting of stockholders. The Company's stockholders of record at the close of business on
StreetInsider.com
Jan 29
Comment
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Horizon+Lines+%28HRZ%29+Posts+Q4+adj.-EPS+of+%240.12%2C+Misses+Views/5286819.html for the full story.
PR Newswire
Jan 29
Comment
CHARLOTTE, N.C., Jan. 29 /PRNewswire-FirstCall/ -- Horizon Lines, Inc. (NYSE: HRZ), today reported results for its fiscal fourth quarter and year ended December 20, 2009. On a GAAP basis, fourth-quarter net income totaled $1.3 million, or $0.04 per
PR Newswire
Jan 15
Comment
CHARLOTTE, N.C., Jan. 15 /PRNewswire-FirstCall/ -- Horizon Lines, Inc. (NYSE: HRZ), announced today that it will release fourth-quarter 2009 financial results before the stock market opens on Friday, January 29, 2010, followed by a conference call at
PR Newswire
Jan 14
Comment
CHARLOTTE, N.C., Jan. 14 /PRNewswire-FirstCall/ -- Horizon Lines, Inc. (NYSE: HRZ) announced today that it reduced funded debt by $38.1 million during the fourth quarter and completed its fiscal year with $28.0 million less in funded debt than a year
PR Newswire
Dec 16
Comment
CHARLOTTE, N.C., Dec. 16 /PRNewswire-FirstCall/ -- Horizon Lines, Inc. (NYSE: HRZ) announced that it is eliminating all perquisites for its four named executive officers, effective at the end of the year. The Compensation Committee of the Board of
PR Newswire
Dec 14
Comment
DALLAS, Dec. 14 /PRNewswire/ -- Horizon Logistics, LLC, the third-party logistics management subsidiary of Horizon Lines, Inc. (NYSE: HRZ), has introduced a less-than-truckload (LTL) shipment rating engine for domestic U.S. shippers, adding to an
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.
Globe Newswire
Sep 24
Comment
DALLAS, Sept. 24, 2009 (GLOBE NEWSWIRE) -- Kendall Law Group, led by a former federal judge and former US Attorney, announces a shareholder investigation against Horizon Lines, Inc. (NYSE:HRZ) and certain of its officers and directors concerning
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...
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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
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