Matson breaks the mold

While most major Transpacific ocean carriers are still losing money, aligning themselves in “rate stablization” agreements, and barely providing reliable service, Matson Inc., is breaking the mold.

Shareholders were told last week that the company continues to remain profitable. Indeed, its third quarter financial results outperformed last year and as Matson looks to the fourth quarter of this year, it expects overall results to exceed the results achieved in the fourth quarter of 2013.

This not only reflects continued market growth in its core Hawaii market, but strong demand for its premium expedited China service from Southern California…and improvements at logistics.

And Matson only expects logistics to get better. In the fourth quarter 2014, the company expects operating income to be slightly higher than comparable 2013 levels – reflecting continuing improvement in volume growth, expense control and warehouse operations.