Matson Makes Merry in Logistics, Faces Same Fate as Peers in Liner Business — Panjiva


Matson Makes Merry in Logistics, Faces Same Fate as Peers in Liner Business

Corp - Shipping 608 Earnings 365 Global 722 Mode - Containerized 1005 Mode - Seaborne 1273

Container-line Matson reported a 9% surge in 2Q revenues to reach a new record after beating analysts’ forecasts by 6% points. A jump in logistics revenues offset a more lackluster 4% growth in container-line revenues. The latter was the result of a 1% decline in volumes handled after shipments from China fell 8%. Matson should be less exposed than other container-lines to the China-U.S. tariff battle though new competition from CMA-CGM’s expanded Asia-Hawaii service could be a worry. The liner also faces the same challenges on costs – and particularly bunker fuel – as its co...

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