Matson, Inc.

Overview

Matson, Inc. is a provider of ocean transportation and logistics services, organized into Ocean Transportation and Logistics segments. Its ocean network serves Hawaii, Alaska, Guam, Micronesia, Okinawa and South Pacific islands, with expedited transpacific service from China to California and Alaska-to-Asia export services. Its logistics operations extend across North America and Asia, providing freight transportation, forwarding, warehousing and supply-chain services.[1]+2

Matson states its mission is “to move freight better than anyone.” For the year ended December 31, 2025, it reported $3.345 billion in consolidated operating revenue and 4,170 employees worldwide as of year-end.[4]+2 [1]+5

Products & services

Matson’s principal services are ocean transportation and logistics. Its ocean network serves Hawaii, Alaska, Guam, Micronesia, Okinawa, Japan and South Pacific islands, and includes expedited China–Long Beach service and Alaska-to-Asia exports. Supporting services include stevedoring, refrigerated cargo, inland transportation and terminal services in Hawaii and Alaska.[7][2] Matson describes its Hawaii service as including West Coast sailings and Neighbor Island ports; its Alaska offerings include scheduled Tacoma–Anchorage–Kodiak and Dutch Harbor service, with truck, rail and barge connections. For China, it offers the China–Long Beach Express (CLX) and Matson Asia Express (MAX), including guaranteed expedited service for full-container loads.[8]+2

Logistics services include domestic and international rail intermodal brokerage; long-haul and regional trucking; specialized, flat-bed and project hauling; less-than-truckload and expedited freight; less-than-container-load consolidation and freight forwarding; warehousing, transloading, packaging and distribution; and purchase-order management and booking.[3] In FY2025, ocean transportation generated approximately 81.8% of Matson’s reported revenue and logistics approximately 18.2%, calculated from the reported segment revenues and total.[11] [7]+11

Geographic presence

Matson’s ocean network connects the U.S. West Coast with Hawaii, Alaska, Guam, Micronesia, China, Japan and South Pacific islands. Its Hawaii service runs from Long Beach and Oakland, California, and Tacoma, Washington, to Honolulu, with inter-island barge connections to ports on Hawaii, Maui and Kauai.[12][13] Alaska service links Tacoma with Anchorage, Kodiak and Dutch Harbor, with additional barge and inland connections; the company also carries Alaska seafood to Asia.[14][15]

Other routes include service between the West Coast, Guam, Okinawa, Ningbo and Shanghai; connections via Guam to the Marshall Islands, the Federated States of Micronesia and Palau; and South Pacific service from Auckland to ports in Fiji, Samoa, American Samoa, the Cook Islands, Tonga and Niue.[16]+4

Matson Logistics describes its service reach as North America and Asia and reports customer-service centers and sales offices throughout North America. Its Span Alaska operation consolidates freight in Auburn, Washington, for transport to Anchorage and other Alaska facilities. Matson’s reported terminal footprint includes Anchorage, Kodiak, Dutch Harbor, Tacoma, Long Beach and Honolulu.[3]+5 The company lists its headquarters in Honolulu and a corporate office in Walnut Creek, California.[25]

For 2025, Hawaii and Alaska together accounted for approximately 51% of Ocean Transportation revenue; the company does not give a separate percentage for each in this disclosure.[26] Matson reported 4,170 employees worldwide at year-end 2025, including 161 in international locations.[27] Its latest available quarterly filing as of October 2, 2026, covered the quarter ended June 30, 2026.[28] [12]+20

Business segments

Matson reports two reportable segments: Ocean Transportation and Logistics. Ocean Transportation provides ocean freight services using owned and chartered vessels, including routes serving Hawaii, Alaska, Guam and other Micronesian islands, expedited China–Long Beach service, and service to Okinawa and South Pacific islands. Related Matson subsidiaries also provide stevedoring, refrigerated-cargo, inland transportation and terminal services in Hawaii and Alaska. In FY2025, Ocean Transportation generated approximately 81.8% of consolidated revenue and 91.2% of operating income; for the six months ended June 30, 2026, it contributed approximately 79.5% of revenue and 90.1% of operating income.[29]+3

Logistics provides logistics solutions, primarily using transportation purchased from third parties; disclosed activities include freight forwarding, cargo consolidation and trucking to customer destinations. It contributed approximately 18.2% of FY2025 revenue and 8.8% of operating income, and approximately 20.5% of revenue and 9.9% of operating income in the first half of 2026. Matson also discusses individual routes and service activities, but identifies Ocean Transportation and Logistics as its reportable segments. It evaluates segment performance using operating income and does not report segment assets to its chief operating decision maker.[22]+3 [29]+5

Company history

Matson traces its origins to 1882, when Captain William Matson began carrying supplies and merchandise between San Francisco and Hilo aboard the *Emma Claudina*. Alexander & Baldwin invested in the company in 1908, beginning a longstanding business relationship. Matson introduced container freight service to Hawaii in 1958, and in 1960 the *Hawaiian Citizen* entered service as the Pacific’s first all-container carrier.[32]+2

Matson expanded its Pacific services over subsequent decades, beginning a joint service to Guam in 1996 and launching its China–Long Beach Express in 2006. In 2012, it separated from Alexander & Baldwin and became an independent publicly traded company. In 2015, Matson completed its acquisition of Horizon Lines, expanding its Alaska operations.[32]+3 [32]+11

Sources

• Matson, Inc. — Full financial report (2025 Y)
  22 citations

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• www.sec.gov[6]
• Matson, Inc. — Full financial report (2026 Q 2)[7][30]
• www.matson.com[8]
• www.matson.com[9]
• www.matson.com[10]
• www.matson.com[25]
• www.sec.gov[27]
• investor.matson.com[28]
• www.matson.com[32]
• alexanderbaldwin.com[33]
• www.matson.com[34]
• investors.alexanderbaldwin.com[35]
• investor.matson.com[36]
• www.sec.gov[37]