Horizon Lines subpoenaed for pricing practices of ocean carriers
Shipper of consumer and industrial items Horizon Lines, Inc. (NYSE:HRZ) confirmed this morning that it received a grand jury subpoena relating to an investigation of pricing practices of ocean carriers operating in Puerto Rico. The company said it does not expect the government inquiry to impact the service levels provided to its customers.
Shares lost 5%, or $0.71, to $13.99 at 12:20 p.m. ET. For detailed price information and recent news stories about Horizon Lines, click HRZ.
