Woodward Out at Horizon Lines
The CEO of Horizon Lines, Sam Woodward, has resigned, after only two years on the job. Read the company's 8-K here. He has been replaced by Steve Rubin, one of the company's directors and a management consultant by background.
In possibly related news, my spies report that men in suits have been seen visiting Horizon's facilities. Is somebody doing due diligence? July 2, 2014.
P.S.: Additional info. I'm told that Matson is looking at Horizon's three Alaskan-trade ships, the ones built by Bay, while Crowley is looking at their Hawaiian-trade ships. That leaves the Puerto Rican-trade for TOTE, if they're interested. Intriguing. July 2, 2014.
LINK: Horizon’s Ships