By Mecklenburg Times staff reports
Published: July 29,2011
Blaming it in part on high fuel prices, Charlotte-based Horizon Lines today said it had a second-quarter net loss of $5.4 million, or 17 cents a share, compared with profit of $3.65 million in the year-ago quarter. The ocean-shipping company had operating revenue of $307.5 million in the quarter, up from $291.4 million in the [...]
By Mecklenburg Times staff reports
Published: June 1,2011
Embattled shipping company Horizon Lines faces losing its listing on the New York Stock Exchange. Charlotte-based Horizon Lines said it has fallen below the NYSE’s listing standards because its market capitalization averaged less than $50 million during a 30 trading-day period at the same time that stockholders equity was below $50 million. Horizon Lines said [...]
By Mecklenburg Times staff reports
Published: April 29,2011
Horizon Lines today said it had a net loss of $34 million in the first quarter, or $1.10 per share, higher than the $13.2 million net loss, or 43 cents a share, in the same quarter last year. The Charlotte-based company’s first-quarter revenue rose to $285 million from $274.6 million in the year-ago quarter. In the [...]
By Mecklenburg Times staff reports
Published: April 28,2011
Horizon Lines today said a federal court has reduced a fine the company must pay for its role in a conspiracy to fix prices. At the request of the U.S. Department of Justice, the court lowered the fine from $45 million to $15 million, the Charlotte-based company said. In February, Horizon Lines pleaded guilty to [...]
By Mecklenburg Times staff reports
Published: April 19,2011
Horizon Lines today said William Hamlin has been named senior vice president of operations. Based in Dallas, Hamlin will oversee the company’s ocean transportation services, maintenance, safety and North America terminals and technology, among other things. Charlotte-based Horizon Lines is an ocean-shipping and logistics company.
By Mecklenburg Times staff reports
Published: April 18,2011
In another setback for Horizon Lines, the Charlotte-based company today said one of its ships damaged a crane in Houston Friday. While docking at the APM Terminals facility, the Horizon Challenger clipped the dock and damaged an APM crane after being released by a tugboat, Horizon said. The incident only slightly delayed the ship’s departure for San Juan, Puerto [...]
By Mecklenburg Times staff reports
Published: March 25,2011
Horizon Lines today said it has extended the expiration date of a consent solicitation for its 4.25 percent convertible senior notes due in 2012. The company announced the consent solicitation earlier this month after it announced that it planned to plead guilty and pay a $45 million fine for its role in a conspiracy to fix prices. The consent [...]
By Mecklenburg Times staff reports
Published: March 3,2011
Horizon Lines today reported a net loss of $52.7 million, or $1.71 per share, in the fourth quarter of 2010 compared with net income of $1.3 million, or 4 cents per share, in the same quarter of 2009. For the fourth quarter, which ended Dec. 26, the company had operating revenue of $298.8 million, up [...]
By Mecklenburg Times staff reports
Published: March 2,2011
Horizon Lines said it has commenced a consent solicitation for its 4.25 percent convertible senior notes due in 2012, after announcing last week that it will plead guilty and pay a $45 million fine for its role in a conspiracy to fix prices. The consent solicitation is being made to holders of the notes to obtain a [...]
By Mecklenburg Times staff reports
Published: February 25,2011
Charlotte-based shipping company Horizon Lines will plead guilty and pay a $45 million fine for its role in a conspiracy to fix prices, the Department of Justice said. A one-count felony charge, filed Thursday in U.S. District Court for the District of Puerto Rico, accuses Horizon Lines of participating in a scheme to fix rates and [...]
Sign up today to receive The Mecklenburg Times’ free E-Alerts and be the first to read breaking news.
Sign up or manage your alert.
