Matson’s 2009 Westbound Hawaii Service Rates To Increase by $120 per Container
25 Noviembre 2008 - 3:30PM
Business Wire
Matson Navigation Company announced today that it will raise its
rates for the company�s Hawaii service by $120 per westbound
container and $60 per eastbound container, effective January 4,
2009. Matson estimates that this increase will raise rates by an
average of 3.9 percent. The 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 January 4, 2009. �This rate
increase will help offset rises in operating costs and support
ongoing investments in our Hawaii service,� said Dave Hoppes,
senior vice president, ocean services. �This rate adjustment is
consistent with our longstanding philosophy of implementing modest,
incremental increases as necessary. Given the essential role ocean
transportation has in supporting the state's economic activities,
Matson's primary business objective remains focused on ensuring the
company's services are among the best in the world. Since 2003,
Matson has invested nearly $600 million in fleet enhancements,
including over $500 million for construction of four new
containerships. Matson also continues to invest in new container
equipment, information technology and enhancements to its Neighbor
Island fleet and terminal facilities.� Matson�s terminal handling
charge was first implemented in 2003 and is designed to recover a
portion of the extraordinary costs associated with the movement of
cargo through terminals. This charge is standard in the industry
and appears as a separate line item at the bottom of the company�s
freight bills. �Terminal handling costs comprise approximately 40
percent of Matson�s operating costs,� said Hoppes. �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.� Matson is a wholly owned subsidiary of
Alexander & Baldwin, Inc. of Honolulu (NYSE:AXB).
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