Young Brothers said it needs $25 million in federal financial assistance immediately, or it will be forced to scale back its ocean transportation services among the Hawaiian Islands.
Hawaii’s sole interisland ocean carrier, which is regulated by the state’s Public Utilities Commission (PUC), said the coronavirus pandemic is expected to leave it with a loss of $25 million by year’s end and it has asked state regulators for an equivalent amount in CARES Act funding by Monday to sustain operations...