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The Honolulu Advertiser

Posted at 2:18 p.m., Tuesday, November 26, 2002

Matson to start new cargo fee

Advertiser Staff

Matson Navigation Co. Inc. said today it is implementing a terminal handling charge in its Pacific Coast-to-Hawai'i service, effective Jan. 12.

The company said the charge will become part of its permanent rate structure and is designed to recover a portion of the costs associated with the movement of cargo through terminal facilities on the West Coast and in Hawai'i.

The initial charge will be $200 per container for westbound freight; $100 per container for eastbound freight.

"Terminal handling costs comprise approximately 40 percent of Matson's operating costs and today exceed $200 million annually," said James Andrasick, president and chief executive officer. "While Matson has made significant investments in terminal enhancements in recent years ... there continues to be a large cost component of these operations that Matson cannot control."

Matson said it has no plans to implement a general rate increase in 2003.