Horizon Lines Ends Perquisites for Execs
Horizon Lines, Inc. (NYSE: HRZ) announced that it is eliminating all perquisites for its four named executive officers, effective at the end of the year. The Compensation Committee of the Board of Directors approved the decision after a comprehensive review in conjunction with a company-wide effort to eliminate perquisites at all levels of the organization as part of a broader, ongoing cost-reduction initiative. "We believe the perquisite elimination for executive officers is consistent with emerging best practices in corporate governance," said Chuck Raymond, Chairman, President and Chief Executive Officer. The eliminated perquisites include…
Horizon Names Senior VP and General Manager, Puerto Rico Division
Horizon Lines, Inc., named Jacob M. Wegrzyn Senior Vice President and General Manager of its services division. The position reports to John V. Keenan, President and Chief Operating Officer of Horizon Lines, LLC. Wegrzyn will join the company effective June 23, 2008. Wegrzyn will have primary responsibility for operational, sales and strategic activities related to the market. He joins Horizon Lines with over 18 years experience in the transportation and distribution industry in . Most recently he served as Vice President, Puerto Rico and Caribbean Service, for New Penn Motor Express, domiciled in Bo Amelia, . He has lived on the of for more than 30 years and holds a Bachelor of Arts degree from in
Horizon Lines to 4Q Earnings Release Call
Horizon Lines, Inc. 2008. Internet, beginning at 11:00 a.m., Eastern Time, that day. during the quarter. call: Charles G. John V. Keenan, President, Horizon Lines, LLC, Brian W. Horizon Logistics, LLC, M. Financial Officer, and John W. Handy, Executive Vice President.
CSX Lines Launches an Independent Business and Systems Company
CSX Lines announced the formation of Horizon Services Group, created through the restructuring of the existing organization of CSX Lines. The Horizon system places the entire order-to-cash process online, creating a virtually paperless environment from booking to billing with new information available to all users as it is entered into the system. Utilizing the system, customers will be able to perform quickly and more efficiently a comprehensive array of critical "back-office" functions, including customer service, documentation, e-Business, IT, and other business operating processes. last quarter it reached a landmark of 50 percent of all shipper business booked online.
Horizon Lines to Operate and Maintain MSC Oceanographic Fleet
The U. S. Military Sealift Command has given notice to Horizon Lines marine operations staff for operation and maintenance of the Oceanographic (T-AGS) fleet. The turnover operations are targeted for early October 2004. survey ships. operations and conduct regular maintenance. research personnel are under the auspices of the department of the Navy. John V. we expect to succeed across all disciplines. management.
Horizon Hawk Enters Service
The Horizon Hawk, a new 2,824 TEU containership in the Horizon Lines, Inc. fleet, made her maiden call today at Tacoma, launching the carrier's enhanced Transpacific-1 (TP1) service between Mainland US, Guam, Micronesia and Asia. The Horizon Hawk is the first of the five Hunter class vessels entering service this year for Horizon Lines, the leading American domestic ocean carrier. All five are of proven international design, have a service speed of over 23 knots and are U.S.-flag, foreign built vessels that Horizon Lines is chartering from subsidiaries of Ship Finance International Limited under definitive long-term charters and related agreements.
