Matson

#3233

Rank

$3.54B

Marketcap

United States

Country

Leadership team

Mr. Matthew J. Cox (Chairman & CEO)

Mr. Joel M. Wine (Exec. VP & CFO)

Mr. Peter T. Heilmann (Exec. VP, Chief Admin. Officer & Gen. Counsel)

Products/ Services

Supply Chain Management, Transportation, Warehousing

Number of Employees

1,000 - 20,000

Headquarters

Honolulu, Hawaii, United States

Established

1882

Company Registration

SEC CIK number: 0000003453

Net Income

1B - 20B

Revenue

Above - 1B

Traded as

MATX

Social Media

URL

https://www.matson.com

Overview

Location

Recognition and Award

References

Summary

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.

History

William Matson founded Matson Navigation Company. He was born in Lysekil in Västra Götaland County, Sweden, and orphaned during childhood. He arrived in San Francisco after a trip around Cape Horn in 1867. Working aboard the Dickel family yacht, he struck up a friendship with tycoon Claus Spreckels, who financed many of Matson's new ships. In 1882, the three-masted schooner Emma Claudina ran to the Hawaiian Islands.

The enterprise began in the carrying of merchandise, especially of plantation stores, to the islands and returning with cargoes of sugar. This led to gradually expanding interests at both ends of the line.

In 1924, Matson completed the Matson Building at 215 Market Street in San Francisco. It featured an observation tower and cupola at the northern corner of the building that enabled company executives to see its ships coming through the Golden Gate. The company later sold the building to Pacific Gas and Electric Company, whose general office was next door at 245 Market. PG&E has incorporated the former Matson building into its general office complex, keeping Matson-specific details such as elevator doors with detailed maps of Hawaii on them.

For a brief period after World War II, Matson operated an airline using Douglas DC-4 aircraft between the Pacific Coast and Hawaii. The airline ultimately ceased operations because of political pressure from Pan American World Airways, which resulted in inability to obtain federal government scheduled operating authority.

On December 1, 2011, Matson's then-parent company Alexander & Baldwin announced that its board of directors approved a plan to split A&B and Matson into two separate companies. As part of the plan, Matson would leave Oakland, California, to become a Honolulu-based company. The two companies are now traded separately.

In 2015, Matson, Inc. acquired Horizon Lines, formerly its main competitor in the United States domestic market, for $469 million.

Mission

To deliver superior logistics and supply chain solutions by connecting people and commerce in the Pacific.

Vision

To be the premier Pacific service provider and the employer of choice.

Key Team

Mr. John P. Lauer (Exec. VP & Chief Commercial Officer)

Mr. John R. Wagner (Director of Corp. Communications)

Mr. P. Weis (Chief Information Officer & Sr. VP)

Mr. Jason L. Taylor (Sr. VP of HR)

Mr. Lee J. Fishman (Director of Investor Relations)

Mr. Vicente S. Angoco Jr. (Sr. VP of Alaska)

Mr. Rusty K. Rolfe (Exec. VP)

Recognition and Awards

Matson has received consistent recognition for its leadership in the areas of safety, customer service, corporate philanthropy and diversity. This most recent honor was included in the Marine Log 2018 Fleet All-star Award, recognizing Matson as an “industry leader in creating value while maintaining low operating costs.”