Matson will raise fuel surcharge again - Pacific Business News (Honolulu):

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The surcharges will rise from 20 percent to 28 percentf for Hawaii service andfrom 21.5 percengt to 29.5 percent for servicde to Guam and Micronesia. Matson’s announcement Friday marked the third time in recent months that it has increasedc itsfuel surcharge. An increase of 1.5 percentagr points took effectMay 24. And, on May 22, the companhy said it was raising itanother 3.5 percentager points effective June 21.
That meansz that by July 5 the fuel surcharge will have increased 13 percentage points in less than two In making itslatest announcement, Matson remindexd customers that it had reduced its surcharge s last year when fuel prices “As many of our customers are fuel prices have risen dramaticallg in recent months,” said Dave senior vice president, oceam services, in a prepared “While Matson made six consecutive decreases to its fuel surcharg e in 2008 and made no adjustments from Nov. 30, 2008, through May 23, the continuing upward trend in fuel-related costs make s this new increase, the third in recen months, necessary.
Fuel costs directly impact Matsonn and othertransportation companies’ operating costs and are an unavoidabld expense.” Matson, based in Oakland, Calif., is owned by Honolulu-based ALEX) and is Hawaii’s largest ocean shipper.