Young Brothers Proposes Major Rate Increase
Young Brothers News Release
Young Brothers, LLC has filed a rate case with the Hawaii Public Utilities Commission (PUC), requesting approval of a $26.3 million increase in revenue – or an average 20 percent increase in rates for the majority of cargo – to cover significant increases in the cost of service, support critical investments to upgrade equipment and infrastructure, and sustain the vital interisland shipping service that connects the state’s island communities.
If approved by the PUC, rates for the majority of the cargo Young Brothers ships to Neighbor Island ports will increase by an average of approximately 20 percent, which is equivalent to approximately 3.7 percent average increase per year since its last rate increase — slightly lower than overall inflation during that same period.…