Horizon Lines offers shippers a $13.75M settlement

Tue, 11/29/2011 - 11:50am
The Associated Press

SAN JUAN, Puerto Rico (AP) — Horizon Lines LLC said Tuesday it has reached a $13.75 million settlement deal with shippers that had accused the company of fixing rates and surcharges for freight transportation between the U.S. and Puerto Rico from 2002 to 2008.

The agreement ends all antitrust claims filed by major shippers that had opted out of a class-action settlement approved in September, Executive Vice President Michael Avara said in a statement.

Earlier this year, the Charlotte, North Carolina-based company agreed to plead guilty to fixing prices and to pay a $15 million fine.

Two other major carriers, Sea Star Line and Crowley Maritime Corp., also have been investigated in the price-fixing scheme.

Earlier this month, Sea Star Line LLC agreed to a $14.2 million fine and pleaded guilty to one felony count of conspiring to fix prices on cargo moving in and out of the U.S. Caribbean territory.


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