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Horizon Lines reported its revenue in the third quarter of 2013 dropped 2.1 percent year-over-year to $273.7 million, caused by an $8.0 million volume contraction and lower fuel surcharges of $5.4 million.
Quarterly container volume reached 59,059 revenue loads, down 4.0 percent from 61,514 loads, primarily driven by the reduced number of sailings between Jacksonville, Fla., and San Juan, Puerto Rico, the carrier said. Furthermore, unit revenue per container totaled $4,236 in the 2013 third quarter, down from $4,245 a year ago.
In the first nine months of 2013, Horizon Lines posted a net loss of $17.8 million, compared with a net loss of $76.7 million in the same period last year. Revenue from January to September decreased 4.4 percent to $777.9 million, from $813.9 million. The Journal of Commerce
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