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The Honolulu Advertiser

Posted at 4:21 p.m., Tuesday, January 23, 2007

Horizon Lines cuts fuel surcharge to 17.5%

Advertiser Staff

Horizon Lines LLC, the state's No. 2 shipper, said today it will lower its fuel surcharge from 18.75 percent to 17.5 percent beginning Monday because of the continued downward trend in fuel costs.

Horizon's announcement comes a day after Hawai'i's largest cargo provider, Matson Navigation Co., said it would reduce its fuel surcharge by the same amount beginning Sunday. It is the shippers' third consecutive decrease since October.