Matson Business Summary

Matson, Inc. (MATX) operates as a leading provider of ocean transportation and logistics services, primarily generating revenue through freight rates and service fees within its two core segments: Ocean Transportation and Logistics. The Ocean Transportation segment serves as a critical lifeline for the non-contiguous U.S. economies of Hawaii, Alaska, and Guam, while also offering a premium, expedited China-to-U.S. West Coast service (CLX) that commands higher-than-average spot rates due to its industry-leading transit times. The Logistics segment provides a comprehensive suite of supply chain services, including freight brokerage, warehousing, and regional highway trucking. Matson competes directly with Pasha Hawaii in the domestic Jones Act trade, ZIM Integrated Shipping in the Transpacific lanes, and Kirby Corporation in the broader U.S. maritime sector, positioning itself as a high-reliability, premium-service alternative to larger, slower global container liners like COSCO and Maersk. Founded in 1882 by Captain William Matson, the company is currently led by Chairman and CEO Matthew J. Cox, who has overseen the organization since 2012 and previously served as CFO. The executive team includes EVP and CFO Joel M. Wine, a former Managing Director at Goldman Sachs, and EVP of Operations Vic S. Angoco, who was promoted to the role in August 2025 to oversee the company’s vessel and terminal network. Jerome J. Holland serves as EVP and President of Matson Logistics, having assumed the role in July 2025 to drive the segment's regional expansion. The company’s board features notable industry veterans, including Bradley D. Tilden, retired CEO of Alaska Air Group, and Constance H. Lau, former CEO of Hawaiian Electric Industries. Matson maintains a strong institutional investor base, with approximately 85% of shares held by major entities such as BlackRock and Vanguard.