|Stock:||Horizon Lines Inc|
|Industry:||Shipping & Ports|
|Horizon Lines Inc was incorporated in Delaware. The Company is a Jones Act container shipping and integrated logistics company. It owns or leases 14 vessels vessels, all of which are fully qualified Jones Act vessels, and approximately 24,300 cargo containers. The Company has access to terminal facilities in each of its ports, operating its terminals in Alaska, Hawaii, and Puerto Rico, as well as contracting for terminal services in the seven ports in the continental U.S. The Company has ship a spectrum of consumer and industrial items used every day in its markets, ranging from foodstuffs (refrigerated and non-refrigerated) to household goods and auto parts to building materials and various materials used in manufacturing. Many of these cargos are consumer goods vital to the populations in its markets, thereby providing it’s with a relatively stable base of demand for its shipping and logistics services. The Company has many long-standing customer relationships with large consumer and industrial products companies, such as Costco Wholesale Corporation, Johnson & Johnson, Lowe’s Companies, Inc., Safeway, Inc., and Wal-Mart Stores, Inc. It also serves several agencies of the U.S. government, including the Department of Defense and the U.S. Postal Service. Its books and monitors all of its shipping and logistics services with its customers through the Horizon Information Technology System (‘HITS’). HITS, the Company's proprietary ocean shipping and logistics information technology system, provide a platform to accomplish a shipping transaction from start to finish in a cost-effective, streamlined manner. HITS provide a database of information relevant to the shipment of containerized cargo and capture all critical aspects of every shipment booked with the Company. All the Company’s operations are subject to different federal, state and local environmental laws and regulations.|
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