CHARLOTTE, N.C., Dec. 17, 2010 /PRNewswire/ -- Horizon Lines, Inc. (NYSE: HRZ), the nation's leading domestic ocean shipping and integrated logistics company, today announced that the HORIZON HAWK has departed Shanghai for Los Angeles on the inaugural voyage of the company's new trans-Pacific Five Star Express (FSX) service.
The HORIZON HAWK, which called Ningbo on December 13th and departed Shanghai on the 15th, will arrive in Los Angeles on December 26th before sailing on to Oakland and returning to Guam and China as part of its regular port rotation. This historic return to international ocean service for Horizon Lines is the culmination of more than 12 months of strategic planning and timely project execution.
"The Five Star Express launch is an historic milestone in the evolution of Horizon Lines as we re-enter the international market, and a real credit to all of our associates who made it possible," said Brian Taylor, Senior Vice President of International Services.
Using five 2,824 TEU capacity Hunter Class vessels on the FSX service, Horizon Lines is offering some of the fastest transit times in the trans-Pacific trade, including 11-day port-to-port transit from Shanghai to Los Angeles with Monday morning cargo availability every week at the nation's busiest import gateway. Operations in China are handled by Mr. Hon Wing Lam as Owner's Representative and Ben Line Agencies as General Agent in Shanghai and Ningbo.
In addition to offering customers a rapid trans-Pacific import alternative, the new Five Star Express Service will improve Horizon Lines' existing service offering in Guam to serve an expanding military presence. The Five Star Express service port rotation sails Los Angeles – Oakland – Guam – Ningbo – Shanghai - Los Angeles.
Horizon Lines also has launched express intermodal container service to key inland U.S. cities in conjunction with the FSX service, offering some of the fastest inland transit times in the industry. These include 15-day availability in Kansas City from Shanghai and 16-day availability in Dallas, using scheduled intermodal rail service from Los Angeles every week. The carrier also offers express inland service to Chicago, Memphis, Atlanta and Charlotte using on-dock rail connections to avoid drayage fees on the West Coast, saving customers time and expense.
Now that the new Five Star Express service is operational, Brian Taylor, in addition to his responsibilities for international services, is assuming the newly created role of Chief Commercial Officer (CCO) of the company. As CCO, Taylor will be responsible for all sales and pricing throughout the company.
About Horizon Lines
Horizon Lines, Inc., is the nation's leading domestic ocean shipping and integrated logistics company. The company owns or leases a fleet of 20 U.S.-flag containerships and operates five port terminals linking the continental United States with Alaska, Hawaii, Guam, Micronesia, and Puerto Rico. The company provides express trans-Pacific service between the U.S. West Coast and the ports of Ningbo and Shanghai in China; manages a domestic and overseas service partner network, and provides integrated, reliable and cost competitive logistics solutions. Horizon Lines, Inc., is based in Charlotte, NC, and trades on the New York Stock Exchange under the ticker symbol HRZ.
Forward Looking Statements
The information contained in this press release should be read in conjunction with our filings made with the Securities and Exchange Commission. This press release contains "forward-looking statements" within the meaning of the federal securities laws. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those that do not relate solely to historical fact. They include, but are not limited to, any statement that may predict, forecast, indicate or imply future results, performance, achievements or events. Words such as, but not limited to, "believe," "expect," "anticipate," "estimate," "intend," "plan," "target," "projects," "likely," "will," "would," "could," and similar expressions or phrases identify forward-looking statements.
All forward-looking statements involve risk and uncertainties. In light of these risks and uncertainties, expected results or other anticipated events or circumstances discussed in this press release might not occur. We undertake no obligation, and specifically decline any obligation, to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. See the section entitled "Risk Factors" in our Form 10-K for the fiscal year ended December 20, 2009, and in our form 10-Q for the fiscal quarter ended June 20, 2010, as filed with the SEC, for a more complete discussion of these risks and uncertainties and for other risks and uncertainties. Those factors and the other risk factors described therein are not necessarily all of the important factors that could cause actual results or developments to differ materially from those expressed in any of our forward-looking statements. Other unknown or unpredictable factors also could harm our results. Consequently, there can be no assurance that actual results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences.
SOURCE Horizon Lines, Inc.