The 2.25 percent increase by the No. 2 two carrier servicing the Hawaiian Islands, will bring Horizon's surcharge in line with trade leading rival Matson Navigation, which last week said it would raise its fuel surcharges on Hawaii, Guam, Northern Marianas Islands, and Micronesia services to 33.75, effective April 6.
'The rapid rise in fuel prices requires that we do even more to improve fuel efficiency and cost recovery across our entire network,' said John Keenan, president of Horizon Lines. 'As fuel prices hit new highs almost every day, we will work internally with our associates to improve efficiency and with our customers to address cost recovery.'
Matson's and Horizon's increases are the seventh fuel surcharge hike for the two carriers since January 2007, when the surcharge was 17.5 percent.
Charlotte, N.C.-based Horizon also announced a new set of fuel-saving initiatives including maintenance programs for ship hulls and propellers and educating vessel captains to identify appropriate changes in speed or course that would lower fuel consumption.
The firm also predicts it will see further fuel-efficiency gains from its participation in the SmartWay Transport Partnership. The project is a collaborative effort partnering the trade industry with the Environmental Protection Agency to reduce greenhouse gas emissions and air pollution.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now