No rate increase at Marine Atlantic as corporation meets cost recovery targets

    Thursday, 9 November 2023 12:00

    By Tonya Organ

    The Corporation’s goal is to minimize costs that must be passed along to customers.

    There will be no rate increases as a result of the fuel surcharge, due to be announced on December 1st. A statement released today says the organization is continuing its evaluation of the fuel surcharge program. Marine Atlantic is a Canadian Crown Corporation tasked with fulfilling the constitutional mandate of offering freight and passenger service between the Provinces of Newfoundland and Labrador and Nova Scotia. As a federal Crown Corporation, Marine Atlantic does not make a profit. The Corporation’s goal is to balance the requirement to meet cost recovery targets while minimizing costs that must be passed along to customers and continue working towards these goals while dealing with rising inflationary pressures.

     

    To report an error, submit a news tip, or provide feedback, please e-mail news@bayfm.ca or call (709) 637-0183.

    More from Local News

     

     

     

    BayFM recognizes support from the following agencies:

                        

    Today's Weather

    • Corner Brook

      Heavy snow

      High: 1°C | Low: -7°C

    • Deer Lake

      Heavy snow

      High: 3°C | Low: -7°C

    • Stephenville

      Light snow

      High: 2°C | Low: -3°C

    Recently Played

    Podcasts

    • Center Stage with Stella

      Center Stage with Stella, April 8, 2026

      This week's guests are Chris and Kerry Wells (The Sunday Night Boys)

    • NL Summer Games 2026

      NL Summer Games 2026

      Secretary of the Host Committee Cara Pye joins Lenny on Bay Fm.

    • The Plain Truth

      The Plain Truth, Wednesday April 8, 2026

      Host Paula Sheppard's guest this week is Will Lummis, Regional Addictions Prevention Consultant with NL Health Services Western Zone