On Friday the US operator said net income amounted to $9.5m, which is well above the $1.6m gain the carrier reported in the comparable period 12 months prior.

In the Horizon’s earnings report chief executive Steve Rubin noted operating revenue topped $12.5m, which represents an improvement of 4.6% year-on-year.

Rubin said the rally was driven by an 8.9% revenue container volume increase.