MATX 📈 Matson - Overview

Matson, Inc. is a leading provider of ocean transportation and logistics services, operating through two distinct segments: Ocean Transportation and Logistics. The company's Ocean Transportation segment specializes in freight transportation to various non-contiguous economies, including Hawaii, Japan, Alaska, Guam, and other island economies in Micronesia. Its services encompass the transportation of a wide range of commodities, such as dry containers, refrigerated goods, food products, beverages, building materials, automobiles, and household items. Additionally, the company offers expedited services from China to Long Beach, California, and other islands in the South Pacific, as well as Okinawa, Japan. It also provides a range of terminal services, including stevedoring, refrigerated cargo handling, and container equipment maintenance, to ocean carriers in Hawaii, Alaska, and other locations.

The Logistics segment of Matson, Inc. offers a comprehensive suite of multimodal transportation brokerage services, including domestic and international rail intermodal, long-haul and regional trucking, specialized hauling, and less-than-truckload services. The company also provides freight forwarding services, warehousing and distribution, supply chain management, and non-vessel operating common carrier services. Its customer base is diverse, comprising the U.S. military, freight forwarders, retailers, consumer goods manufacturers, automobile manufacturers, and other clients. With a rich history dating back to 1882, Matson, Inc. has established itself as a trusted and reliable partner in the marine transportation industry, with its headquarters located in Honolulu, Hawaii.

Matson, Inc.'s operations are supported by its subsidiaries, which enable the company to provide a broad range of services to its customers. The company's vessel management and container transshipment services are designed to optimize the movement of goods, while its logistics services are tailored to meet the specific needs of its clients. With a strong focus on customer satisfaction and a commitment to delivering high-quality services, Matson, Inc. has built a reputation as a leader in the marine transportation industry. The company's common stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol MATX, and its web presence can be found at https://www.matson.com, providing easy access to information about its services, operations, and financial performance.