Press Releases

Here's you'll find recent press releases for our company.

Horizon Lines Terminating Puerto Rico Operations

November 11, 2014

Horizon Lines, Inc. today announced that it would cease providing liner service between the U.S. and Puerto Rico by the end of 2014 due to continuing losses without the prospect of future profitability. Read More

Horizon Lines To Be Acquired By Matson For $0.72 Per Share In Cash

November 11, 2014

Matson to acquire all outstanding shares of Horizon Lines immediately after Pasha acquires Horizon's Hawaii trade lane business. Horizon Lines' net debt, which will be reduced with proceeds of approximately $141.5M from the Pasha transaction, will be repaid by Matson at closing. Acquisition represents an 89% premium to Horizon Lines' stock price. Read More

Matson To Acquire Horizon Lines Alaska Operations

November 11, 2014

Transaction value of $0.72 Per Common Share Plus Repayment of Debt
Acquisition Accretive to Matson's Earnings and Cash Flow
Separately Horizon to Sell Hawaii Operations to Pasha and Terminate Puerto Rico Operations
Matson Investor Conference Call Today at 5:00 PM Eastern Time
Read More

Horizon Lines Reports 3rd Quarter 2014 Financial Results

October 24, 2014

Adjusted EBITDA rises 12.6% on an 8.9% container volume increase from a year ago. Read More

Horizon Lines Names Steve Rubin President and Chief Executive Officer

September 04, 2014

Horizon Lines, Inc., one of the nation's leading domestic ocean shipping companies, today announced that the Board of Directors has elected Interim President and Chief Executive Officer Steven L. Rubin to serve as President and Chief Executive Officer on a non-interim basis effective September 1, 2014. Read More

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