Horizon Lines reports 2nd quarter 2014 financial results

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Horizon Lines, Inc. (OTCQB: HRZL) today reported financial results for the fiscal second quarter ended June 22, 2014.

Financial results are being presented on a continuing operations basis.

“Horizon Lines second-quarter adjusted EBITDA increased 7.4% from the same period a year ago, driven primarily by higher revenue container volumes and improved fuel recovery,” said Steve Rubin, Interim President and Chief Executive Officer. “The positive factors driving adjusted EBITDA growth were partially offset by lower container rates and contractual labor and other expense increases.”