Matson to raise rates for Hawaii service
Dec 10, 2008 1:05 PM
Matson Navigation Company will raise its rates for the company’s Hawaii service by $120 per westbound container and $60 per eastbound container, effective January 4, 2009. The firm, a wholly owned subsidiary of Alexander & Baldwin Inc. of Honolulu, estimates this increase will raise rates by an average of 3.9 percent. This increase will be filed with the Surface Transportation Board. In addition, Matson will raise its terminal handling charge by $175 per westbound container and $90 per eastbound container, also effective Jan. 4, 2009.
"Terminal handling costs comprise approximately 40 percent of Matson’s operating costs," said Dave Hoppes, senior vice president–ocean services. "Matson continues to absorb most of the costs associated with terminal operations, the majority of which are driven by factors that are outside of our control, but needs to pass on some of the increased expenses to our customers."
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