Profile: Matson Inc (MATX.N)
26 May 2017
Matson, Inc. (Matson), incorporated on January 25, 2012, is a holding company. The Company provides ocean transportation and logistics services. The Company operates through two segments: Ocean Transportation and Logistics. Its Ocean Transportation business is conducted through its subsidiary, Matson Navigation Company, Inc. (MatNav). MatNav is an asset-based business that provides ocean freight transportation services to the domestic economies of Hawaii, Alaska and Guam, and to other island economies in Micronesia and in the South Pacific. Matson's fleet consists of approximately 20 owned and over three chartered vessels, including containerships, combination container/roll-on/roll-off ships, roll-on/roll-off barge and barges equipped with cranes. Matson's Logistics business is conducted through Matson Logistics, Inc. (Matson Logistics or Logistics), a subsidiary of MatNav. Matson Logistics is an asset-light business that provides multimodal transportation services, including domestic and international rail intermodal service (Intermodal); long-haul and regional highway brokerage, specialized hauling, flat-bed and project services, less-than-truckload services, expedited freight services (collectively Highway); supply chain management, and warehousing and distribution services.
Matson's Hawaii service provides ocean freight services (lift-on/lift-off, roll-on/roll-off and conventional services) between the ports of Long Beach, Oakland, Seattle and ports in Hawaii on the islands of Oahu, Kauai, Maui and Hawaii. Matson's Alaska service provides ocean freight services (lift-on/lift-off and conventional services) between the port of Tacoma, Washington and the ports of Anchorage, Kodiak, and Dutch Harbor in Alaska. The Company also provides a barge service between Dutch Harbor and Akutan, and other transportation services to smaller locations in Alaska. Matson's northbound cargo to Alaska includes dry containers of mixed commodities, refrigerated commodities, packaged foods, household goods and automobiles. Matson's southbound cargo from Alaska primarily consists of household goods, automobiles and seafood. Matson's China service is part of an integrated Hawaii/Guam/China service. This service carries cargo from Long Beach to Honolulu and then to Guam. Matson's Guam service provides weekly container and conventional freight services carrying general sustenance cargo between the United States West Coast and Guam. Additionally, Matson provides freight services from Guam to the Commonwealth of the Northern Mariana Islands. Matson's Micronesia service provides container and conventional freight services carrying general sustenance cargo between the United States West Coast and the islands of Kwajalein, Ebeye and Majuro in the Republic of the Marshall Islands, the islands of Yap, Pohnpei, Chuuk and Kosrae in the Federated States of Micronesia and the Republic of Palau. Matson's South Pacific service provides container and conventional freight services carrying general sustenance cargo between New Zealand and other South Pacific Islands including Fiji, Samoa, American Samoa, Tonga, the Cook Islands, Niue, Vanuatu, Nauru, and the Solomon Islands.
Matson also provides container stevedoring, container equipment maintenance and other terminal services for MatNav and other ocean carriers on the Hawaii islands of Oahu, Hawaii, Maui and Kauai, and in the Alaska locations of Anchorage, Kodiak, Dutch Harbor and Akutan. In addition, SSA Terminals, LLC (SSAT) provides terminal and stevedoring services to various carriers at over six terminal facilities on the United States West Coast and to MatNav at approximately three of those facilities, including Long Beach and Oakland, California, and Seattle, Washington.
Matson Logistics is a transportation intermediary that provides intermodal rail services, highway, warehousing and distribution and other third-party logistics services for North American customers and international ocean carrier customers, including MatNav. Matson Logistics also provides freight forwarding, consolidation, customs brokerage, purchase order management and non-vessel operating common carrier services. Matson Logistics Warehousing provides warehousing and distribution services in Northern and Southern California and in Georgia. Through Matson Logistics Warehousing, Inc. (Matson Logistics Warehousing), a subsidiary of Matson Logistics, the Company provides its customers with a suite of rail, highway, warehousing and distribution services. Matson Logistics operates approximately six customer service centers, including over one in China (for supply chain services) and has sales offices throughout the United States.
The Company competes with Pasha Hawaii, Aloha Marine Lines, Sause Brothers, Totem Ocean Trailer Express, Inc., Maersk, Hanjin, MSC, CMA CGM, Evergreen, China COSCO Shipping Corporation, American President Lines, "K" Line, OOCL, Hyundai, NYK Line, Waterman Steamship Corporation, C.H. Robinson Worldwide, the Hub Group, JB Hunt, Alaska Marine Lines and Samson Tug & Barge.
1411 Sand Island Pkwy
HONOLULU HI 96819-4322