Horizon reduces losses, expects benefits from Puerto Rico

North America

Wednesday, March 13, 2013

Horizon Lines said it had a net loss of $17.9 million in the fourth quarter ending Dec. 23, compared to a net loss of $63.6 million (profit of $74.2 million from continuing operations) in the same 2011 period. Revenue was $259.8 million in the fourth quarter last year compared to $264.1 million in the fourth quarter of 2011. For the full year, Horizon had a loss of $94.7 million in 2012 compared to a net loss of $229.4 million in 2011. Revenue for the full y...

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