Horizon Lines, Inc. Announces Acquisition of Aero Logistics
CHARLOTTE, N.C., Aug. 22-- Horizon Lines, Inc., (NYSE:HRZ) announced today that it has acquired Aero Logistics, a full service, third party logistics provider (3PL) headquartered in South San Francisco, CA. The terms of the acquisition were not disclosed.
Aero Logistics designs and manages custom freight shipping and special handling programs for customers in service-sensitive industries including high-tech, healthcare, energy, mining, retail and apparel. Aero also operates a fleet of GPS-equipped trailers under the direction of their Aero Transportation division.
Horizon Lines, Inc. announced last week the formation of Horizon Logistics, established to manage the Company's growing integrated logistics services business. Horizon Lines, LLC will continue to operate the ocean container shipping services between the U.S. and Alaska, Hawaii, Guam, Micronesia and Puerto Rico.
"Aero creates innovative solutions for its customers and offers a consistency of service that builds long lasting client relationships," said Brian Taylor, Senior Vice President of Sales and Marketing for Horizon Lines, LLC and recently named to head Horizon Logistics as its President effective September 1st. "Aero's solid reputation for integrity, innovation and the highest levels of customer service make the company a great fit for Horizon Logistics."
"We welcome the addition of the Aero Logistics team of professionals and its proven capabilities in developing custom logistics solutions for its clients. We look forward to helping Aero achieve even greater levels of success; creating value for all our customers, employees and shareholders," said Chuck Raymond, Chairman, President and Chief Executive Officer of Horizon Lines, Inc.
"Horizon Lines, with its reputation for reliability, innovation and exceptional customer service, is the perfect partner for Aero Logistics," said John Fowler, CEO of Aero Logistics. Josh Greenberg, Aero's Chairman and President added that, "Aero's service offering is an excellent fit with Horizon, and we look forward to introducing our capabilities to a broader customer base interested in comprehensive logistics and transportation solutions."
About Horizon Lines
Horizon Lines, Inc. is the nation's leading Jones Act container shipping and integrated logistics company with a fleet of 21 U.S.-flag vessels and service routes linking the continental United States with Alaska, Hawaii, Guam, Micronesia and Puerto Rico. A fully integrated service provider of ocean transportation, trucking, terminal and warehousing operations, Horizon Lines also owns Horizon Services Group, an organization with a diversified offering of transportation management systems and customized software solutions being marketed to shippers, carriers, and other supply chain participants. Horizon Lines, Inc. trades on the New York Stock Exchange under the ticker symbol HRZ.
About Aero Logistics
Based in South San Francisco, California, Aero Logistics offers an array of multi-modal transportation services and fully integrated logistics solutions to satisfy the unique needs of its clients. Aero also operates Aero Transportation, providing expedited less-than-truckload (LTL) and full truckload (FTL) service throughout North America and Mexico.
Source: Horizon Lines, Inc.
CONTACT: Michael Avara of Horizon Lines, Inc., +1-704-973-7000, mavara@horizonlines.com
Web site: http://www.horizonlines.com/
