Horizon Lines tells analysts 2007 outlook good

Horizon Lines tells analysts 2007 outlook good

Horizon Lines, which operates Jacksonville-Puerto Rico trade services, as well as West Coast Jones Act trade services, told Wall Street analysts Friday that it foresees a good year in 2007.

   In an earnings guidance report for the first quarter of 2007, Horizon Lines chairman, president and CEO Chuck Raymond said: '2007 is shaping up to be another excellent year for Horizon Lines. We continue to see solid market conditions in each of our trade lanes. Additionally, our TP1 vessel deliveries remain on schedule and the performance of our new ships is exceeding our expectations. Our Horizon Edge program is already delivering benefits and we expect a minimum of $13 million in cost savings throughout the year. As a result, we look forward to achieving our financial goals in 2007 with EPS growth accelerating from first quarter levels. Operating revenue, EBITDA and EPS for the full year and first quarter of 2007 are all expected to significantly improve over comparable measures in 2006.'

   Horizon Lines is based in Charlotte, N.C., the former corporate headquarters of its predecessor company, Sea-Land Service.