Market Summary
USD86.52-0.70
Market Closed-0.80%
MATX Stock Price
MATX RSI Chart
MATX Valuation
MATX Price/Sales (Trailing)
MATX Profitability
MATX Fundamentals
MATX Revenue
MATX Earnings
Price Action
52 Week Range
56.5197.49
(Low)(High)
Last 7 days
-0.4%
Last 30 days
-0.3%
Last 90 days
16.9%
Trailing 12 Months
30.4%
MATX Financial Health
MATX Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for MATX
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-31 | Park Kuuhaku T | sold | -205,120 | 88.49 | -2,318 | senior vice president |
2023-08-31 | COX MATTHEW J | sold | -883,039 | 88.3039 | -10,000 | chairman & ceo |
2023-08-16 | Cerocke Grace M | sold | -64,857 | 92.6541 | -700 | senior vice president |
2023-08-09 | Angoco Vic S Jr | sold | -425,260 | 94.5023 | -4,500 | senior vice president |
2023-08-09 | Rascon Laura L | sold | -84,541 | 94.2494 | -897 | senior vice president |
2023-08-08 | Angoco Vic S Jr | sold | -517,315 | 94.0572 | -5,500 | senior vice president |
2023-07-31 | COX MATTHEW J | sold | -937,777 | 93.7777 | -10,000 | chairman & ceo |
2023-06-30 | COX MATTHEW J | sold | -774,306 | 77.4306 | -10,000 | chairman & ceo |
2023-06-14 | Isotoff Leonard P | sold | -93,911 | 75.1292 | -1,250 | senior vice president |
2023-06-14 | Scott Christopher A | sold | -51,729 | 76.2971 | -678 | senior vice president |
Which funds bought or sold MATX recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-08-24 | Alberta Investment Management Corp | sold off | -100 | -302,945 | - | -% |
2023-08-23 | Stonebridge Capital Advisors LLC | unchanged | - | 6,321 | 27,206 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | added | 3.24 | 508,266 | 1,982,120 | 0.02% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -10.83 | 214,087 | 1,538,820 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 5.71 | 270,000 | 984,000 | 0.01% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 31.04 | 202,500 | 489,257 | -% |
2023-08-16 | Nuveen Asset Management, LLC | added | 5.23 | 2,127,960 | 7,865,960 | -% |
2023-08-15 | Strategic Investment Solutions, Inc. /IL | unchanged | - | 1,799 | 12,557 | -% |
2023-08-15 | State of Tennessee, Treasury Department | added | 2.56 | 590,717 | 2,348,540 | 0.01% |
2023-08-15 | Belpointe Asset Management LLC | sold off | -100 | -3,700 | - | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Matson
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Mar 06, 2023 | fuller & thaler asset management, inc. | 3.63% | 1,372,943 | SC 13G/A | |
| Feb 15, 2023 | arrowmark colorado holdings llc | 3.78% | 1,429,600 | SC 13G/A | |
| Feb 14, 2023 | fuller & thaler asset management, inc. | 3.63% | 2,894,031 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 11.75% | 4,437,890 | SC 13G/A | |
| Jan 26, 2023 | blackrock inc. | 17.5% | 6,594,318 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 17.5% | 6,594,318 | SC 13G/A | |
| Feb 14, 2022 | arrowmark colorado holdings llc | 8.14% | 3,420,041 | SC 13G/A | |
| Feb 14, 2022 | price t rowe associates inc /md/ | 4.9% | 2,078,714 | SC 13G/A | |
| Feb 11, 2022 | capital research global investors | 4.7% | 1,982,674 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 10.71% | 4,502,169 | SC 13G/A |
Recent SEC filings of Matson
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 01, 2023 | 4 | Insider Trading | |
| Sep 01, 2023 | 4 | Insider Trading | |
| Aug 30, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 16, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 09, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 09, 2023 | 4 | Insider Trading | |
| Aug 09, 2023 | 4 | Insider Trading | |
| Aug 07, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 02, 2023 | 10-Q | Quarterly Report |
Peers (Alternatives to Matson)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
FDX | 59.7B | 88.6B | 1.11% | 70.86% | 17.9 | 0.63 | -6.50% | 16.33% |
DAL | 24.5B | 55.7B | -7.95% | 22.91% | 298.7 | 0.53 | 33.38% | 398.83% |
LUV | 16.8B | 25.1B | -10.22% | -16.24% | 38.77 | 0.67 | 18.83% | -71.05% |
UAL | 14.3B | 50.9B | -11.61% | 20.96% | 5.37 | 0.28 | 42.85% | 318.35% |
AAL | 8.5B | 52.9B | -11.94% | -1.28% | 3.24 | 0.16 | 29.91% | 237.04% |
| MID-CAP | ||||||||
ALK | 4.9B | 10.3B | -10.72% | -12.28% | 30.36 | 0.47 | 26.25% | -23.08% |
KEX | 4.3B | 3.0B | 6.04% | 27.53% | 29.85 | 1.49 | 20.20% | 183.93% |
MATX | 3.1B | 3.4B | -0.31% | 30.42% | 6.69 | 0.9 | -28.76% | -67.17% |
AAWW | 2.9B | 4.5B | 0.24% | 22.01% | 8.22 | 0.64 | 12.86% | -27.86% |
ARCB | 2.4B | 4.8B | -6.08% | 36.60% | 10.05 | 0.5 | 3.59% | -21.02% |
JBLU | 1.5B | 9.9B | -26.94% | -40.71% | 55.87 | 0.15 | 24.14% | 106.11% |
| SMALL-CAP | ||||||||
SAVE | 2.0B | 5.5B | -0.50% | -25.71% | -4.4 | 0.37 | 29.98% | -29.36% |
ATSG | 1.5B | 2.1B | -1.18% | -16.17% | 9.79 | 0.71 | 7.02% | -29.07% |
GNK | 564.4M | 447.9M | -3.56% | 3.25% | 6.72 | 1.26 | -26.88% | -64.62% |
PANL | 260.2M | 544.2M | -6.67% | 19.15% | 6.42 | 0.48 | -34.83% | -53.69% |
Matson News
Returns for MATX
Cumulative Returns on MATX
14.6%
10-Year Cumulative Returns
13.6%
7-Year Cumulative Returns
19.3%
5-Year Cumulative Returns
33.1%
3-Year Cumulative Returns
Risks for MATX
What is the probability of a big loss on MATX?
83.5%
Probability that Matson stock will be more than 20% underwater in next one year
42.7%
Probability that Matson stock will be more than 30% underwater in next one year.
15.8%
Probability that Matson stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does MATX drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Matson was unfortunately bought at previous high price.
Drawdowns
Financials for Matson
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -12.6% | 3,395 | 3,882 | 4,343 | 4,808 | 4,765 | 4,379 | 3,925 | 3,358 | 2,932 | 2,581 | 2,383 | 2,224 | 2,151 | 2,185 | 2,203 | 2,227 | 2,245 | 2,244 | 2,223 | 2,174 | 2,129 |
| Costs and Expenses | -3.1% | 2,831 | 2,923 | 2,989 | 3,072 | 2,986 | 2,879 | 2,738 | 2,529 | 2,382 | 2,194 | 2,103 | 2,036 | 2,006 | 2,060 | 2,074 | 2,093 | 2,107 | 2,091 | 2,059 | 2,016 | 1,971 |
| Operating Expenses | -4.6% | 2,582 | 2,705 | 2,812 | 2,919 | 2,829 | 2,717 | 2,558 | 2,344 | 2,190 | 2,001 | 1,904 | 1,836 | 1,813 | 1,859 | 1,878 | 1,897 | 1,910 | 1,903 | 1,875 | 1,838 | 1,792 |
| S&GA Expenses | 2.4% | 271 | 265 | 261 | 257 | 250 | 244 | 237 | 231 | 232 | 225 | 225 | 218 | 212 | 217 | 217 | 222 | 224 | 223 | 221 | 216 | 215 |
| EBITDA | -100.0% | - | 984 | 1,370 | 1,746 | 1,786 | 1,624 | 1,311 | 967 | 684 | 517 | 401 | 304 | 255 | 230 | 231 | 233 | 235 | 249 | 261 | 258 | 262 |
| EBITDA Margin | -100.0% | - | 0.25* | 0.32* | 0.36* | 0.37* | 0.37* | 0.33* | 0.29* | 0.23* | 0.20* | 0.17* | 0.14* | 0.12* | 0.11* | 0.10* | 0.10* | 0.10* | 0.11* | 0.12* | 0.12* | 0.12* |
| Interest Expenses | -9.0% | 16.00 | 18.00 | 18.00 | 19.00 | 19.00 | 20.00 | 23.00 | 23.00 | 23.00 | 26.00 | 27.00 | 28.00 | 29.00 | 27.00 | 23.00 | 21.00 | 19.00 | 18.00 | 19.00 | 20.00 | 22.00 |
| Earnings Before Taxes | -39.9% | 581 | 967 | 1,352 | 1,727 | 1,767 | 1,487 | 1,171 | 813 | 534 | 368 | 259 | 165 | 118 | 99.00 | 108 | 115 | 121 | 137 | 148 | 141 | 141 |
| EBT Margin | -100.0% | - | 0.25* | 0.31* | 0.36* | 0.37* | 0.34* | 0.30* | 0.24* | 0.18* | 0.14* | 0.11* | 0.07* | 0.05* | 0.05* | 0.05* | 0.05* | 0.05* | 0.06* | 0.07* | 0.06* | 0.07* |
| Net Income | -39.5% | 459 | 759 | 1,064 | 1,380 | 1,398 | 1,179 | 927 | 619 | 406 | 277 | 193 | 123 | 88.00 | 74.00 | 83.00 | 88.00 | 93.00 | 107 | 109 | 254 | 247 |
| Net Income Margin | -100.0% | - | 0.20* | 0.24* | 0.29* | 0.29* | 0.27* | 0.24* | 0.18* | 0.14* | 0.11* | 0.08* | 0.06* | 0.04* | 0.03* | 0.04* | 0.04* | 0.04* | 0.05* | 0.05* | 0.12* | 0.12* |
| Free Cashflow | -100.0% | - | 1,095 | 1,272 | 1,503 | 1,436 | 1,135 | 984 | 742 | 528 | 484 | 430 | 339 | 281 | 284 | 249 | 282 | 294 | 309 | 305 | 281 | 281 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -0.2% | 4,218 | 4,227 | 4,330 | 4,459 | 4,159 | 3,978 | 3,693 | 3,223 | 3,036 | 2,930 | 2,901 | 2,807 | 2,778 | 2,836 | 2,845 | 2,754 | 2,658 | 2,677 | 2,430 | 2,421 | 2,382 |
| Current Assets | 2.0% | 578 | 567 | 760 | 875 | 1,113 | 875 | 705 | 482 | 403 | 314 | 306 | 290 | 274 | 309 | 290 | 300 | 290 | 307 | 318 | 301 | 284 |
| Cash Equivalents | 37.9% | 122 | 89.00 | 250 | 243 | 609 | 393 | 288 | 76.00 | 17.00 | 12.00 | 14.00 | 13.00 | 20.00 | 20.00 | 28.00 | 24.00 | 24.00 | 15.00 | 25.00 | 12.00 | 13.00 |
| Net PPE | 3.1% | 2,029 | 1,967 | 1,963 | 1,907 | 1,895 | 1,895 | 1,878 | 1,827 | 1,716 | 1,684 | 1,690 | 1,615 | 1,578 | 1,590 | 1,598 | 1,486 | 1,399 | 1,386 | 1,367 | 1,347 | 1,307 |
| Goodwill | 0% | 328 | 328 | 328 | 328 | 328 | 328 | 328 | 328 | 328 | 328 | 328 | 328 | 328 | 328 | 328 | 328 | 328 | 328 | 328 | 324 | 324 |
| Current Liabilities | 2.5% | 549 | 536 | 582 | 600 | 632 | 610 | 612 | 547 | 532 | 519 | 512 | 454 | 450 | 471 | 437 | 438 | 425 | 411 | 371 | 326 | 316 |
| Short Term Borrowings | -9.9% | 42.00 | 46.00 | 77.00 | 57.00 | 65.00 | 65.00 | 65.00 | 65.00 | 65.00 | 59.00 | 59.00 | 53.00 | 51.00 | 53.00 | 48.00 | - | - | - | 42.00 | - | - |
| LT Debt, Non Current | -2.2% | 409 | 418 | 428 | 461 | 518 | 536 | 550 | 568 | 582 | 624 | 686 | 755 | 824 | 872 | 910 | 835 | 791 | 823 | 814 | 866 | 896 |
| Shareholder's Equity | 0.9% | 2,290 | 2,270 | 2,297 | 2,299 | 2,134 | 1,911 | 1,667 | 1,345 | 1,173 | 1,029 | 961 | 892 | 816 | 800 | 806 | 798 | 765 | 763 | 755 | 743 | 699 |
| Retained Earnings | 1.0% | 1,989 | 1,970 | 1,986 | 2,014 | 1,841 | 1,615 | 1,354 | 1,050 | 874 | 735 | 658 | 585 | 514 | 501 | 504 | 498 | 468 | 468 | 460 | 450 | 408 |
| Additional Paid-In Capital | 1.1% | 283 | 280 | 290 | 290 | 295 | 296 | 314 | 314 | 317 | 312 | 322 | 313 | 307 | 305 | 306 | 303 | 301 | 298 | 298 | 294 | 291 |
| Shares Outstanding | -1.7% | 36.00 | 36.00 | 36.00 | 38.00 | 40.00 | 41.00 | 41.00 | 43.00 | 44.00 | 43.00 | 43.00 | 43.00 | 43.00 | 43.00 | 43.00 | 43.00 | 43.00 | 43.00 | 43.00 | 43.00 | 43.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -24.4% | 827 | 1,095 | 1,272 | 1,503 | 1,436 | 1,135 | 984 | 742 | 528 | 484 | 430 | 339 | 281 | 284 | 249 | 282 | 294 | 309 | 305 | 281 | 281 |
| Share Based Compensation | -3.3% | 18.00 | 18.00 | 18.00 | 21.00 | 20.00 | 19.00 | 19.00 | 21.00 | 22.00 | 21.00 | 19.00 | 15.00 | 11.00 | 11.00 | 11.00 | 13.00 | 13.00 | 13.00 | 12.00 | 12.00 | 12.00 |
| Cashflow From Investing | -1.9% | -852 | -836 | -729 | -773 | -302 | -332 | -323 | -323 | -241 | -193 | -177 | -234 | -275 | -294 | -306 | -197 | -146 | -223 | -260 | -323 | -404 |
| Cashflow From Financing | 17.8% | -463 | -564 | -576 | -564 | -542 | -421 | -392 | -352 | -286 | -299 | -261 | -121 | -16.20 | 12.00 | 62.00 | -65.00 | -127 | -74.20 | -40.00 | 30.00 | 122 |
| Dividend Payments | -2.2% | 45.00 | 46.00 | 48.00 | 50.00 | 51.00 | 49.00 | 46.00 | 43.00 | 40.00 | 40.00 | 39.00 | 39.00 | 38.00 | 38.00 | 37.00 | 37.00 | 36.00 | 36.00 | 35.00 | 35.00 | 35.00 |
| Buy Backs | -26.0% | 273 | 368 | 397 | 377 | 405 | 356 | 198 | 463 | - | - | - | - | - | - | - | - | - | - | 0.00 | - | - |
MATX Income Statement
2023-06-30Condensed Consolidated Statements of Income and Comprehensive Income - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Operating Revenue: | ||||
| Total Operating Revenue | $ 773.4 | $ 1,261.1 | $ 1,478.2 | $ 2,426.6 |
| Costs and Expenses: | ||||
| Operating costs | (604.7) | (728.4) | (1,202.2) | (1,432.1) |
| (Loss) Income from SSAT | (1.4) | 24.7 | (3.2) | 58.7 |
| Selling, general and administrative | (70.6) | (64.3) | (137.4) | (127.5) |
| Total Costs and Expenses | (676.7) | (768.0) | (1,342.8) | (1,500.9) |
| Operating Income | 96.7 | 493.1 | 135.4 | 925.7 |
| Interest income | 8.7 | 16.9 | ||
| Interest expense | (2.9) | (4.5) | (7.4) | (9.3) |
| Other income (expense), net | 1.8 | 1.8 | 3.6 | 3.8 |
| Income before Taxes | 104.3 | 490.4 | 148.5 | 920.2 |
| Income taxes | (23.5) | (109.7) | (33.7) | (200.3) |
| Net Income | 80.8 | 380.7 | 114.8 | 719.9 |
| Other Comprehensive Income (Loss), Net of Income Taxes: | ||||
| Net Income (Loss) | 80.8 | 380.7 | 114.8 | 719.9 |
| Other Comprehensive Income (Loss): | ||||
| Amortization of prior service cost | (0.7) | (0.9) | (1.4) | (1.8) |
| Amortization of net loss (gain) | (0.2) | 2.0 | (0.3) | 2.8 |
| Other | (0.7) | (1.9) | 0.7 | (1.6) |
| Total Other Comprehensive Income (Loss), Net of Income Taxes | (1.6) | (0.8) | (1.0) | (0.6) |
| Comprehensive Income | $ 79.2 | $ 379.9 | $ 113.8 | $ 719.3 |
| Basic Earnings Per Share (in dollars per share) | $ 2.28 | $ 9.54 | $ 3.21 | $ 17.82 |
| Diluted Earnings Per Share (in dollars per share) | $ 2.26 | $ 9.49 | $ 3.19 | $ 17.69 |
| Weighted Average Number of Shares Outstanding: | ||||
| Basic (in shares) | 35.5 | 39.9 | 35.8 | 40.4 |
| Diluted (in shares) | 35.7 | 40.1 | 36.0 | 40.7 |
| Ocean. Transportation. | ||||
| Operating Revenue: | ||||
| Total Operating Revenue | $ 616.9 | $ 1,049.2 | $ 1,167.9 | $ 1,993.1 |
| Logistics. | ||||
| Operating Revenue: | ||||
| Total Operating Revenue | $ 156.5 | $ 211.9 | $ 310.3 | $ 433.5 |
MATX Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current Assets: | ||
| Cash and cash equivalents | $ 122.0 | $ 249.8 |
| Accounts receivable, net of allowance for credit losses of $11.6 million and $13.0 million, respectively | 285.0 | 268.5 |
| Prepaid expenses and other assets | 170.8 | 241.3 |
| Total current assets | 577.8 | 759.6 |
| Long-term Assets: | ||
| Investment in SSAT | 80.1 | 81.2 |
| Property and equipment, net | 2,029.0 | 1,962.5 |
| Operating lease right of use assets | 331.2 | 396.9 |
| Goodwill | 327.8 | 327.8 |
| Intangible assets, net | 184.4 | 174.9 |
| Capital Construction Fund | 583.9 | 518.2 |
| Deferred dry-docking costs, net | 51.1 | 55.3 |
| Other long-term assets | 52.8 | 53.6 |
| Total long-term assets | 3,640.3 | 3,570.4 |
| Total Assets | 4,218.1 | 4,330.0 |
| Current Liabilities: | ||
| Current portion of debt | 41.7 | 76.9 |
| Accounts payable and accruals | 271.1 | 255.6 |
| Operating lease liabilities | 127.3 | 143.6 |
| Other liabilities | 108.9 | 105.5 |
| Total current liabilities | 549.0 | 581.6 |
| Long-term Liabilities: | ||
| Long-term debt, net of deferred loan fees | 408.5 | 427.7 |
| Long-term operating lease liabilities | 212.5 | 262.5 |
| Deferred income taxes | 643.9 | 646.5 |
| Other long-term liabilities | 114.2 | 114.8 |
| Total long-term liabilities | 1,379.1 | 1,451.5 |
| Commitments and Contingencies (see Note 13) | ||
| Shareholders' Equity: | ||
| Common stock | 26.3 | 27.2 |
| Additional paid in capital | 282.7 | 290.4 |
| Accumulated other comprehensive loss, net | (7.9) | (6.9) |
| Retained earnings | 1,988.9 | 1,986.2 |
| Total shareholders' equity | 2,290.0 | 2,296.9 |
| Total Liabilities and Shareholders' Equity | $ 4,218.1 | $ 4,330.0 |
Matson, Inc., together with its subsidiaries, provides ocean transportation and logistics services. The company's Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia. It primarily transports dry containers of mixed commodities, refrigerated commodities, packaged foods and beverages, building materials, automobiles, and household goods; livestock; seafood; general sustenance cargo; and garments, footwear, e-commerce, and other retail merchandise. This segment also operates an expedited service from China to Long Beach, California, and various islands in the South Pacific, as well as Okinawa, Japan; and provides container stevedoring, refrigerated cargo services, inland transportation, container equipment maintenance, and other terminal services to ocean carriers on the Hawaiian islands of Oahu, Hawaii, Maui, and Kauai, as well as in the Alaska locations of Anchorage, Kodiak, and Dutch Harbor. In addition, the company offers vessel management and container transshipment services. Its Logistics segment provides multimodal transportation brokerage services, including domestic and international rail intermodal, long-haul and regional highway trucking, specialized hauling, flat-bed and project, less-than-truckload, and expedited freight services; less-than-container load consolidation and freight forwarding services; warehousing and distribution services; supply chain management services, and non-vessel operating common carrier freight forwarding services. The company serves the U.S. military, freight forwarders, retailers, consumer goods, automobile manufacturers, and other customers. The company was formerly known as Alexander & Baldwin Holdings, Inc. and changed its name to Matson, Inc. in June 2012. Matson, Inc. was founded in 1882 and is headquartered in Honolulu, Hawaii.