Don Young Port of Alaska in Anchorage
Don Young Port of Alaska in Anchorage

New tariffs on commodities take effect at the Port of Alaska

Published: January 6, 2020

The Associated Press

The cost of operating some businesses at the Port of Alaska is expected to increase following new tariffs on commodities that took effect with the onset of the new year.

The Anchorage Assembly unanimously approved the tariff increases Dec. 17, The Alaska Journal of Commerce reported Tuesday.

The tariff hikes include charges on fuel that will increase 4 to 5 cents per year to reach 56.3 cents per barrel by 2029. The final tariff on cement will reach $5.72 per ton in 2029.

The tariff increases for fuels and cement are equal on a per-ton basis, port spokesman Jim Jager said.

The tariff increases are significantly greater than normal updates to account for inflation and port operational costs.

Read Full Story Here: