comscore Horizon Lines earnings swing to loss in second quarter | Honolulu Star-Advertiser
Top News

Horizon Lines earnings swing to loss in second quarter


  • Bloomberg News / feb. 13
[ AD HAS BEEN REMOVED FROM THIS STORY ]

Ocean cargo transportation firm Horizon Lines Inc. today said its new China service and high fuel prices dragged earnings into the red during the second quarter.

The Charlotte, N.C.-based firm, which operates in Hawaii, reported a net loss of $5.4 million for the fiscal second quarter ended June 26. That compared with a net profit of $3.7 million for the same quarter last year.

Horizon said cargo volume in Hawaii was down, but still achieved an operating profit.

The company operates 20 U.S.-flag containerships linking the continental United States with Alaska, Hawaii, Guam, Micronesia and Puerto Rico. The company also provides service between the U.S. West Coast and China.

Comments have been disabled for this story...

Click here to see our full coverage of the coronavirus outbreak. Submit your coronavirus news tip.

Be the first to know
Get web push notifications from Star-Advertiser when the next breaking story happens — it's FREE! You just need a supported web browser.
Subscribe for this feature

Scroll Up