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+--- Thread: Matson sets record fuel surcharge - 43.5% (/showthread.php?tid=8684)
Matson sets record fuel surcharge - 43.5% - Rob Tucker - 03-31-2011
From the Star Advertiser: Matson to raise fuel surcharge to 43.5%, highest on record.
"Matson Navigation Co. said it will raise its fuel surcharge on shipments from the mainland to 43.5 percent one May 1, the highest level since it started imposing the charge more than 10 years ago.
The 8.5-percentage-point hike is the third in three months for Matson, which said it is trying to keep pace with rapidly rising oil prices."
RE: Matson sets record fuel surcharge - 43.5% - Kapohocat - 03-31-2011
5.9% for Fed Ex a year ago Jan 18 (2010) so probably one coming.
4.9% for UPS as of Jan 3, 2011
21.75% for Matson just since Jan 1, 2011.
Am I mistaken or don't UPS and Fed Ex use fuel too?
Matson has us by the ummmmmmm..... toes.
it will soon be cheaper to order a roll of TP from the mainland and have it UPS'd here than buy from a retailer using Matson.
RE: Matson sets record fuel surcharge - 43.5% - jerry - 03-31-2011
It must be nice to have a monopoly where you can just raise prices and not worry much about competition. For the rest of us with a business it seems we have to cut prices and increase services.
Jerry
Art and Orchids B&B
http://www.artandorchids.com
RE: Matson sets record fuel surcharge - 43.5% - macuu222 - 04-01-2011
Yep...It's all happening again. Gasoline is now $4.30 in downtown Hilo. Matson is raising their rates...Airlines are adding fuel surcharges again which is making vacationers from the mainland not fly anywhere....and Japan airlines just announced that they are drastically cutting their flights to Hawaii because hardly anyone from Japan is flying anywhere. This spells economic disaster for Hawaii....
RE: Matson sets record fuel surcharge - 43.5% - Bob Orts - 04-01-2011
quote:Matson is not a monopoly. Any shipper can enter the Hawaii-Mainland market. Matson is the major provider, but they are not the only provider. To compare, Horizon's fuel surchage is 35% between the mainland and Hawaii and they may raise it again.
Originally posted by jerry
It must be nice to have a monopoly where you can just raise prices and not worry much about competition. For the rest of us with a business it seems we have to cut prices and increase services.
RE: Matson sets record fuel surcharge - 43.5% - dmbwest - 04-01-2011
Kapohocat,
UPS rates just went up again the past few weeks too.
This is for "ground" shipping.
Still the best deal for bigger stuff, but 2-5 more for 5-6 pounds.
aloha,
pog
RE: Matson sets record fuel surcharge - 43.5% - Kapohocat - 04-01-2011
Damn there goes my TP shipment!
RE: Matson sets record fuel surcharge - 43.5% - DickWilson - 04-02-2011
3 words people. Flat Rate Boxes.
dick wilson
"Nothing is idiot proof,because idiots are so ingenious!"
RE: Matson sets record fuel surcharge - 43.5% - robguz - 04-03-2011
Oil was almost 40% higher 3 years ago so that should have been the highest fuel charge on record, by a lot. Gas prices also seem to be at or close to what they were then, despite oil being quite a bit lower than the peak of 2008. Once again they're all screwing people just because they can.
RE: Matson sets record fuel surcharge - 43.5% - Bill - 04-03-2011
If you can't beat them, join them.
Tesoro stock (TSO) was at $10.00 in October, 2008. It closed @ $27.04 last Friday.
Bill