Alternatively Pittsburgh Pirates a live audio webcast of the

Alternatively, exhibits andrew mccutchen a live cardinals baseball tickets observes audio webcast of the call may be accessed at http:// In order to access the live audio webcast, pleaseallow at least 15 minutes before the start of the call to visit Horizon Lines'website and download and install any necessary audio/video software for thewebcast.Use of Non-GAAP MeasuresHorizon Lines reports its financial results in accordance with U.S generallyaccepted accounting principles (GAAP). Those interested in participating in the call may do so by dialing1-866-394-6819, and providing the operator with conference number 18881354.A hardcopy of the presentation materials may be printed from the Horizon Lineswebsite, http://, shortly before the start of the call. While wehave somewhat tempered our EBITDA expectations relative to last year, webelieve our markets are stabilizing modestly and we anticipate that adjustedEBITDA for 2009 will remain above levels that would jeopardize our compliancewith financial covenants in our credit agreement.As we move through thesecond half of the year and beyond, we are confident that Horizon Lines isoperating on a foundation of financial stability and with adequate liquidity."Webcast & Conference Call InformationCompany executives will provide additional perspective on the company'searnings during a conference call beginning at 11:00 a.m Eastern Time today. Our 2009 business plan contemplated a deep andprotracted recession.We implemented necessary cost-reduction measures earlyon and have other measures that we can execute quickly if the economy worsensappreciably in future months.We are intensely focused on serving ourcustomers while continuing to remove costs from the organization. Raymond said."Horizon Linesremains well positioned to continue operating successfully in this extendedrecessionary environment. These consist of $2.4 million in antitrust-relatedlegal expenses and $0.8 million in severance costs related to earlyretirement for certain union employees.

These consist of $20 million for the settlement ofclass action litigation in Puerto Rico, $4.1 million forantitrust-related legal expenses, and $0.9 million for additionalimpairment and restructuring charges.The 2008 GAAP operating lossincludes expenses of $3.2 million that are excluded from adjustedoperating income autographed baseball . The volume decline was due to weak market conditions acrossalltradelanes; specifically, a decline in visitors and construction inHawaii, the ongoing recession in Puerto Rico, and recessionary worriesthat curbed consumer spending in Alaska.The volume decline waspartially offset by increased revenue per container, which was drivenbyboth rate and mix improvements.Second-quarter revenue per container,net of fuel, increased 2.5% to $3,293 from the prior year.--Operating (Loss) Income - The GAAP operating loss for the secondquarterof 2009 totaled $(11.2) million, compared with operating income of$16.7million for the second quarter of 2008.The 2009 GAAP operating lossincludes expenses of $24.9 million that are excluded from adjustedoperating income cubs rooftop . "We also continue to fully cooperate with the Department of Justice in itsinvestigation into pricing practices in domestic ocean shipping."Second-Quarter 2009 Financial Highlights--Operating Revenue - Operating revenue declined 15.9% to $278.5 millionfrom $331.0 million a year ago.The largest factors in the $52.5million revenue decline were a $27.8 million reduction in fuelsurcharges, and a $27.7 million decrease from a 9.8% reduction involume dejan kovacevic . In the meantime, we are focused onaccelerating revenue growth and more fully leveraging our Liner sales force inthe logistics sales process."During the quarter, we reached an agreement to settle class action antitrustlitigation in Puerto Rico and at the same time executed an amended creditagreement with our lender group, as we previously disclosed" Mr Raymond said forbes field . "We serve these markets with operational excellence and devotionto our customers, who include diverse, large, brand-name companies."The company's logistics business continued to be adversely impacted by theeconomic recession," Mr Raymond noted. "Our ongoing strategy is toorganically position this business to be able to capitalize on targeted growthopportunities when the economy rebounds.

domestic ocean markets, where we play a primary rolein delivering cargo that is vital to the basic needs of our tradelanes," Mr.Raymond said baseball managers . The results reflect certainitems, including a $20 million charge related to the previously disclosedclass-action legal settlement in Puerto Rico, and a $10.5 million taxvaluation allowance.After excluding these and other charges totaling $35.2million, or $1.15 per share after tax, adjusted net income was $4.1 million,or $0.13 per fully diluted share.The company recorded the valuation allowance for book tax purposes against itsdeferred tax assets due to projected cumulative pre-tax GAAP losses for thethree-year period ending in 2009.However, the previous years' pre-tax booklosses include significant loss on debt extinguishment in connection with theAugust 2007 refinancing and recent expenses related to the anti-trustinvestigation cardinals baseball tickets . (NYSE:HRZ), today reported results for its fiscal second quarter ended June 21,2009.On a GAAP basis, the company reported a net loss of $(31.1) million, or$(1.02) per share, on revenue of $278.5 million cubs rooftop . Foradditional information, visit , Inc.Investor Relations Contact:Joan Citelli(408) . -- Container Volumes Down 9.8%; Container Rates Net of Fuel up 2.5%CHARLOTTE, N.C., July 24 /PRNewswire-FirstCall/ -- Horizon Lines, Inc. Businesses of any size, configuration or geographiclocation can benefit from the cost, performance and operational advantages ofVoIP technology.