Young Brothers Proposes Rate Increase to Continue Statewide Service

The company seeks approval from the Hawai‘i Public Utilities Commission to offset rising costs, reduced cargo volumes and modernization of equipment

Young Brothers filed a rate case on September 25, 2019 with the Public Utilities Commission (PUC), seeking approval of a $27 million increase in revenue – or a 34% overall rate increase – critical to allow Young Brothers to cover necessary operating expenses, reinvest in its business, and continue its current level of inter-island cargo transport services.

In addition to offsetting more than eight years of rising operating costs and reduced cargo volumes, the proposed increase reflects critical investments required to modernize and optimize Young Brothers’ fleet. With over 1,250 sailings each year between the Hawaiian Islands, tugs, barges, containers, lifts, generators and other equipment experience significant wear and tear due to usage and exposure to highly corrosive saltwater.

Recent investments include new temperature-controlled containers, shoreside equipment and four new tugs that improve fuel efficiency and service reliability for customers, provide additional safety features for crews, and reduce carbon emissions – contributing toward a more sustainable future for Hawai‘i.

The filing begins a year-long process during which time the PUC and Consumer Advocate will review the company’s proposed rate increase. Approved rates are not expected to go into effect until late 2020.

Young Brothers plays a vital role in Hawai‘i as the water carrier responsible for transporting all cargo that originates and ends in the state. It is also the only water carrier to serve all islands and transport all types of cargo.

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2019 General Rate Increase

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To see the full docket filing, go to the listed website below and type docket number “2019-0117” in the Docket Quick Link search field:

https://dms.puc.hawaii.gov/dms/dockets?action=search

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