Categorized | Business

Matson’s 2015 westbound rates to increase by $225 per container

MEDIA RELEASE

Matson, Inc., a leading U.S. carrier in the Pacific, has announced it will raise rates for the company’s Hawaii service by $225 per westbound container and $110 per eastbound container, effective Jan. 4, 2015.

The increase will be filed with the Surface Transportation Board.

No adjustment will be made to the company’s terminal handling charge (THC). Matson estimates that the rate adjustment will result in shipping costs rising by an average of 5.4% percent.

“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. “The adjustment is consistent with our longstanding philosophy of implementing modest, incremental increases as necessary to maintain the highest levels of service, and is identical to increases implemented in 2012, 2013 and 2014. Matson continues to diligently look for ways to operate the most efficient, cost effective service possible, without undercutting our standards of quality. In the past decade, Matson has invested nearly $1 billion in four new containerships, fleet enhancements, new container equipment, information technology and upgrades to its terminal facilities. Last year, the company signed a contract to build two ‘Aloha Class’ 3,600 TEU containerships for our Hawaii service at an aggregate price of $418 million. Matson remains committed to continuing to make long term investments that will provide the state with a modern, reliable ocean transportation infrastructure.”

— Find out more:
www.matson.com

One Response to “Matson’s 2015 westbound rates to increase by $225 per container”

  1. Richard says:

    The cost of oil goes down and Matson raises their rates. Why can’t our corrupt politicians change the Jones act and end this choke hold Matson has on Hawaii. It costs less to send a 40 foot container from Long Beach to China than from Long Beach to Hawaii. Explain that.

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