Matson Safe From Tariff Risk, Still Faces Fuel Cost Problems — Panjiva


Matson Safe From Tariff Risk, Still Faces Fuel Cost Problems

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

Container-line Matson reported a faster-than-expected revenue growth of 8.4% in the third quarter, helped by a 22.0% surge in logistics services. The container shipping operations saw a 3.6% slump in volumes, though average revenues per sailing likely increased by around 8%, ahead of the industry average. The company faces the threat of lower volumes due to widening U.S.-China trade tariffs. A 24.3% surge in its China-U.S. volumes in September may be a sign of a late rush in shipping, though CEO Matt Cox has indicated only around 20% of the firm’s volumes from China currently face ...

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