• ITVI.USA
    15,462.460
    -34.260
    -0.2%
  • OTLT.USA
    2.752
    0.009
    0.3%
  • OTRI.USA
    20.670
    -0.440
    -2.1%
  • OTVI.USA
    15,437.200
    -29.190
    -0.2%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,462.460
    -34.260
    -0.2%
  • OTLT.USA
    2.752
    0.009
    0.3%
  • OTRI.USA
    20.670
    -0.440
    -2.1%
  • OTVI.USA
    15,437.200
    -29.190
    -0.2%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
American ShipperIntermodal

Matson gets boost from second China string

Matson gets boost from second China string

   Matson Line saw revenue and operating profit climb in 2010 as it added a second string of ships between China and the United States.

   Matson’s parent company, Alexander & Baldwin, in reporting its 2010 results said the carrier had revenue of $1 billion in 2010, 18 percent more than in 2009. Operating profit was $99.4 million, up 70 percent. While Hawaii volumes were about flat and automobile shipments down 2 percent, container volumes in its Guam service rose 8 percent and China service jumped 56 percent.

   The company’s intermodal business revenue for the year was $355.6 million, 11 percent more than in 2009, and operating profit was $7.2 million, up 7 percent.

   Alexander and Baldwin, which also has interests in agriculture and real estate, had overall revenue of $1.6 billion in 2010 compared with $1.4 billion in 2009. Net profit was $92.1 million in 2010 compared to $44.2 million in 2009.

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