When an established maritime company announced tentative plans last month to start a new domestic shipping line in 2020 to serve Hawaii, it said such service would provide 鈥渕arket stability.鈥 But another possible result is a cargo capacity glut.
September 19, 2017Business, Logistics, TCA
Shipping Companies鈥 Expansion in Hawaii Could Go Bust for Some
Business, Logistics, TCA
Matson鈥檚 Earnings Increase by 33% as Hawaii Cargo Shipments Decline
Matson Inc. sailed over a shallow trough of lower Hawaii cargo shipments to produce a 33% profit gain in the second quarter largely driven by enhanced business in China and Alaska.
August 1, 2017TCA
Matson Charitable Giving Increases 32% to $2.9 Million
Hawaii鈥檚 largest ocean cargo transportation company increased its charitable giving in 2016 despite earning less profit.
April 21, 2017TCA
Matson Profit Falls 22% in 2016
Matson Inc., the biggest ocean cargo company serving Hawaii, suffered a 22% drop in profit聽in 2016聽as higher expenses overshadowed revenue growth.
February 22, 2017Business
Matson to Buy Alaska Freight Company
Ocean cargo transportation firm Matson Inc. plans to expand its operations in Alaska with a nearly $200 million purchase of a company that consolidates freight for shipping.
July 22, 2016