Matson Inc (NYSE: MATX) is a Hawaii-incorporated ocean transportation and logistics company that operates scheduled container shipping services across the Pacific and provides third-party logistics services throughout North America and Asia. Revenue comes from two segments: Ocean Transportation, which charges per-container freight rates on fixed-schedule routes serving Hawaii, Alaska, Guam, and other Pacific island markets, and Logistics, which earns fees on transportation brokerage, freight forwarding, warehousing, and supply chain management services. The Ocean Transportation segment operates under the Merchant Marine Act (Jones Act) on its Hawaii and Alaska routes, which restricts domestic waterborne trade to U.S.-flagged vessels and provides a structural barrier to foreign competition. The Logistics segment operates through Matson Logistics, Inc., a wholly-owned subsidiary established in 1987. Matson is incorporated in Hawaii and files as a holding company through its principal operating subsidiary, Matson Navigation Company, Inc.

Revenue model

Transactional freight revenue per container on ocean routes (Hawaii, Alaska, Guam, China, Pacific islands) plus fee-based logistics revenue from transportation brokerage, LCL freight forwarding, warehousing, and supply chain management services.

Products and services

Ocean Transportation: scheduled container shipping to Hawaii, Alaska, Guam, Micronesia, and China. Logistics (via Matson Logistics, Inc.): multimodal transportation brokerage (rail intermodal, long-haul trucking, LTL, expedited freight), LCL consolidation and freight forwarding, warehousing and trans-loading, purchase order management and NVOCC freight forwarding.

Customers and end markets

Shippers of consumer goods, retail merchandise, and commercial freight moving between the U.S. mainland and Hawaii, Alaska, Guam, and Pacific island markets. Logistics customers require domestic and international freight movement across North America and Asia. Specific customer names and concentration data are not disclosed in the available filing excerpts.

Value-chain role

Asset-based ocean carrier on Jones Act and Pacific trade lanes; third-party logistics broker and freight forwarder extending the network across North America and Asia.

Geographic exposure

Hawaii, Alaska, Guam, Micronesia, and China/Pacific trade lanes for Ocean Transportation; North America and Asia for Logistics operations. Incorporated and headquartered in Hawaii.

Source: SEC 10-K, filed 2026-02-27

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