The International Longshore and Warehouse Union and the Pacific Maritime Association met for three days this past week without concluding negotiations; at the weekend, the parties announced a week-long recess in the talks. German carrier Hamburg Süd announced plans to acquire the container operations of Chile’s CCNI, in a move resembling the deal between larger competitor Hapag-Lloyd and Chile’s CSAV, and Crowley is reported to be in talks to acquire Horizon Lines’ Puerto Rico assets. Earnings reports by U.S. truckload carriers are pointing to a stronger freight recovery in the United States, though rail service continues to be held back. And on Friday, Anne S. Ferro announced her departure from the Federal Motor Carrier Safety Administration after five years leading the agency.
24 Jul 2014
A sale of Horizon Lines’ Puerto Rico service could prompt the carrier to also sell its Alaska route, with Matson the most likely buyer, analysts at investment bank Stifel Nicolaus said in a research note.
22 Jul 2014
Matson Inc. has agreed to pay the U.S. government $9 million to settle allegations that the company submitted false claims for fuel surcharges on military household goods shipments between continental U.S. points and Hawaii and Guam.
19 Jul 2014
While it is obvious that beneficial cargo owners shipped early this year through the West Coast in anticipation of the July 1 deadline for contract negotiations between the International Longshore and Warehouse Union and waterfront employers, reports of cargo surges at Canadian and U.S. East Coast ports in May and June indicate retailers were also diverting shipments away from West Coast ports.
17 Jul 2014
Matson's expedited service allows it to stand out from most larger carriers in the eastbound trans-Pacific and is shoring up profits for the Jones Act line.
06 May 2014
Continuing improvement in the Hawaiian economy should lead to modest growth in the Hawaii trade this year, according to a container carrier serving the islands.
06 Nov 2013
Matson Inc. has signed a contract with Aker Philadelphia Shipyard for two new dual-fuel container ships that can be powered by either liquid natural gas or diesel fuel.
14 Oct 2013
Matson is cooperating with federal and state agencies looking into a molasses spill last month in Hawaii that killed more than 26,000 fish, and is providing all of the information requested by those agencies, spokesman Jeff Hull said on Oct. 14.
08 Aug 2013
Matson reported its net income in the second quarter of 2013 was $20.1 million, up from $7.8 million in the second quarter of 2012.