The sun sets on Horizon Lines as it sells out to Matson

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US Jones Act domestic carrier Horizon Lines has seldom been out of the news in the past few years as it battled headwinds – some would argue self-inflicted – in an endeavour to pay down debt and turn a profit.  At the end of 2014’s nine month mark Horizon was running at a cumulative net loss of $18.4m – albeit operations in the third quarter were in the black – but the tone of its commentary to the Q3 results ...