|
Select the Financial Report:
|
|
Select the Period:
|
|
Description of Matson Inc's Business Segments
Matson, Inc. a leading provider of ocean transportation and logistics services, is primarily engaged in a diversified business model that encompasses several key segments, products, and services tailored to meet the needs of its vast customer base. The company operates a variety of services that are integral to the movement of goods across the Pacific Ocean and beyond.
1. Ocean Transportation Services
A. Hawaii Service
Matson provides comprehensive ocean freight services between major U.S. West Coast ports'Long Beach, Oakland, and Seattle'and the primary ports in Hawaii, including Oahu, Kauai, Maui, and the Big Island. As the largest carrier of ocean cargo to Hawaii, Matson's services encompass:
- Lift-On/Lift-Off (Lo/Lo) Services: Involves lifting containers on and off the vessel using cranes.
- Roll-On/Roll-Off (Ro/Ro) Services: For vehicles and large cargo that can be driven on and off the vessel without cranes.
- Conventional Services: For cargo that does not fit within standard container sizes.
The westbound cargo from the U.S. West Coast to Hawaii primarily includes:
- Dry containers with varied commodities
- Refrigerated goods for perishable items
- Packaged foods
- Building materials
- Automobiles
- Household goods
Eastbound cargo includes:
- Automobiles
- Household goods
- Dry containers with assorted commodities
- Food and beverages
- Livestock
B. China Service
Matson has established an integrated service that connects Hawaii, Guam, and China. Utilizing five dedicated containerships, the service operates weekly voyages from Long Beach to Honolulu, followed by destinations in Guam and then onward to the major Chinese ports of Xiamen, Ningbo, and Shanghai. This service caters to a diverse range of cargo, ensuring connectivity and efficiency for international shipping needs.
C. Guam and Micronesia Services
Matson offers weekly container and conventional freight services specifically for Guam, providing an essential link between the U.S. West Coast and this vital territory. Furthermore, Matson connects Guam to the Commonwealth of the Northern Mariana Islands, as well as offering services to various islands across Micronesia, including:
- Republic of the Marshall Islands (Kwajalein, Ebeye, Majuro)
- Federated States of Micronesia (Yap, Pohnpei, Chuuk, Kosrae)
- Republic of Palau
Cargo for these regions is typically transshipped through Guam, enhancing operational efficiency.
D. Matson South Pacific
In a strategic move to expand its services, Matson acquired the assets of a South Pacific ocean freight carrier based in Auckland, New Zealand, which now operates under the name Matson South Pacific.The service facilitates freight transport between New Zealand, Australia, and various South Pacific Islands, including:
- Nauru
- Fiji
- Samoa
- American Samoa
- Tonga
- Cook Islands
- Solomon Islands
Fleet and Vessel Information
Matson's fleet consists of 18 owned and three chartered vessels, with a significant investment in modern maritime equipment valued at approximately $1.3 billion. The fleet features:
- 11 containerships designed to accommodate containerized freight.
- Three combination container/roll-on/roll-off vessels that support vehicle transport.
- One roll-on/roll-off barge and three container barges, showcasing Matsons diverse capabilities.
An ongoing initiative includes the construction of two new Aloha-class containerships equipped with dual-fuel capable engines, set to enhance the environmental sustainability of Matson's operations.
Terminal Services
Matson Terminals
Matson operates a critical terminal in Honolulu spanning 105 acres, where it provides stevedoring and container equipment maintenance. The facility can accommodate multiple vessels simultaneously and owns seven cranes to facilitate cargo movement. Additionally, Matson offers terminal services across Hawaii, including Maui and Kauai, reinforcing its logistical capabilities.
SSAT Operations
In collaboration with the Sea Star Atlantic Transportation (SSAT) joint venture, Matson provides terminal and stevedoring services across six facilities on the U.S. West Coast, expanding its reach and service offering to various carriers.
Logistics Services
Matson Logistics
Matson Logistics serves as a transportation intermediary, providing comprehensive intermodal services that include:
- Rail services
- Highway transport
- Warehousing and distribution
- Third-party logistics solutions
This segment also encompasses freight forwarding, customs brokerage, purchase order management, and non-vessel operating common carrier services. Matson Logistics operates warehouses in both Northern and Southern California, as well as in Georgia, enabling a full spectrum of logistics support.
Through operational efficiencies, such as volume purchasing of transportation services and advanced tracking systems, Matson Logistics helps clients streamline their supply chains. The logistic segment runs six customer service centers and maintains a market presence with sales offices throughout the United States and in China, catering to both domestic and international clientele.
In summary, Matson, Inc. offers a rich portfolio of ocean transportation and logistics services that are crucial to connecting the U.S. mainland with surrounding Pacific regions and facilitating effective supply chain management across international borders.
Composition of Matson inc Revenues by
Segments |
| |
| Ocean Transportation |
|
 81.51 % |
of total Revenue |
| Logistics |
|
18.49 % |
of total Revenue |
| segments |
|
100 % |
of total Revenue |
| InterEliminations |
|
6.91 % |
of total Revenue |
| Ocean Transportation segments |
|
81.51 % |
of total Revenue |
| Ocean Transportation InterEliminations |
|
2.74 % |
of total Revenue |
| Logistics segments |
|
18.49 % |
of total Revenue |
| Logistics InterEliminations |
|
4.17 % |
of total Revenue |
Q1 three months ended (Mar 31 2025)
|
| Revenues by Business Segments |
Revenues
(in millions $) |
%
(of total Revenues) |
| Ocean Transportation |
637.40 |
81.51 % |
| Logistics |
144.60 |
18.49 % |
| segments |
782.00 |
100 % |
| InterEliminations |
54.00 |
6.91 % |
| Ocean Transportation segments |
637.40 |
81.51 % |
| Ocean Transportation InterEliminations |
21.40 |
2.74 % |
| Logistics segments |
144.60 |
18.49 % |
| Logistics InterEliminations |
32.60 |
4.17 % |
| Total |
782.00 |
100 % |
Q1 three months ended (Mar 31 2025)
|
| Revenue Growth rates by Segment |
Y/Y Revenue
% |
Q/Q Revenue
% |
| Ocean Transportation |
10.09 % |
- |
| Logistics |
1.05 % |
- |
| segments |
8.3 % |
- |
| InterEliminations |
15.88 % |
- |
| Ocean Transportation segments |
10.09 % |
- |
| Ocean Transportation InterEliminations |
8.63 % |
- |
| Logistics segments |
1.05 % |
- |
| Logistics InterEliminations |
21.19 % |
- |
| Total |
8.3 % |
-77.15 % |
Q1 three months ended (Mar 31 2025)
|
| Income by Business Segments |
Income
(in millions $) |
%
(Profit Margin) |
| Total |
72.30 |
9.25 % |
Q1 three months ended (Mar 31 2025)
|
| Income Growth rates by Segment |
Y/Y Income
% |
Q/Q Income
% |
| Total |
100.28 % |
-84.82 % |
Annual Report on Matson inc Divisions, Sales by Country |
| |
| Ocean Transportation |
|
82.11 % |
of total Revenue |
| Logistics |
|
17.89 % |
of total Revenue |
| segments |
|
100 % |
of total Revenue |
| InterEliminations |
|
7.18 % |
of total Revenue |
| Ocean Transportation segments |
|
82.11 % |
of total Revenue |
| Ocean Transportation InterEliminations |
|
2.71 % |
of total Revenue |
| Logistics segments |
|
17.89 % |
of total Revenue |
| Logistics InterEliminations |
|
4.47 % |
of total Revenue |
Twelve months ended 2024
|
| MATX s Annual Revenue by Geography and Business Segments |
Sales
(in millions $) |
%
(of total Sales) |
| Ocean Transportation |
2,809.70 |
82.11 % |
| Logistics |
612.10 |
17.89 % |
| segments |
3,421.80 |
100 % |
| InterEliminations |
245.80 |
7.18 % |
| Ocean Transportation segments |
2,809.70 |
82.11 % |
| Ocean Transportation InterEliminations |
92.80 |
2.71 % |
| Logistics segments |
612.10 |
17.89 % |
| Logistics InterEliminations |
153.00 |
4.47 % |
| Total |
3,421.80 |
100 % |
Twelve months ended 2024
|
| MATX s Annual Income by Country and Business Segments |
Income
(in millions $) |
%
(Profit Margin) |
| Total |
476.40 |
13.92 % |
Twelve months ended 2024
|
| Annual Revenue and Income Growth by Country and Business Segments |
% Y/Y Sales Growth |
% Y/Y Income Growth |
| Ocean Transportation |
13.43 % |
- |
| Logistics |
-0.89 % |
- |
| segments |
10.57 % |
- |
| InterEliminations |
17.78 % |
- |
| Ocean Transportation segments |
13.43 % |
- |
| Ocean Transportation InterEliminations |
21.31 % |
- |
| Logistics segments |
-0.89 % |
- |
| Logistics InterEliminations |
15.73 % |
- |
|
|
