The US Jones Act carrier Horizon Lines saw its Q4 10 and full year results crash following a fine of USD45 million due to price fixing on the US/Puerto Rico tradelane.rnLts Q4 10 net loss of USD52.6 million contrasted with a profit of USD 1.3 million in the same period of 2009. While revenue increased by 4.2% to USD298 million, the US carrier recorded an operating loss (EBIT) of USD35.5 million, compared with a profit of USD 11.8 million in Q4 09 (according to its unaudited condensed consolidated results).
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