Justice Department probes Puerto Rico trade
Horizon Lines on Thursday said federal agents served search warrants and a grand jury subpoena relating to an investigation of pricing practices of ocean carriers operating in the Puerto Rico trade.
The Charlotte, N.C.-based carrier said it was cooperating fully with the government officials, but said it has not been informed of the specific subject matter of the inquiry, being conducted by the U.S. Justice Department’s Antitrust Division.
Horizon Lines does not expect the government inquiry to impact the service levels provided to its customers.
The Associated Press reported that federal agents on Thursday searched the offices of the company, which is the largest container carrier in Jones Act trades. In addition to Puerto Rico, Horizon offers service to Hawaii and Alaska and Guam.
