American Shipper

Stuart Chirls Friday, November 1, 2024

China boosts Matson net in Q4

Ocean shipping and logistics services provider Matson saw improved third quarter profits as higher China and domestic freight rates offset mixed container volumes. Operating income was $227 million for the three months ended Sept. 30, up from $118 million in the year-ago quarter, the Honolulu-based carrier said in an earnings release. Revenue from ocean transportation […]

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