May 29, 2008
Horizon suspends six employees
Horizon Lines, Inc. (NYSE: HRZ) says that it has placed six employees involved in the Puerto Rico trade lane on administrative leave as a result of management's review of issues raised by the Department of Justice investigation of pricing practices of certain domestic ocean carriers. Two of the six have subsequently submitted their resignations. The company says it continues to fully cooperate with the Department of Justice in its investigation.