10
May
Matson, Inc. this week reported a net income of $12.5 million, or $0.29 per diluted share, and consolidated revenue of $532.4 million in its first quarter. "We are off to a solid start for the year with Ocean Transportation operating income coming in as expected with a number of positive and negative factors, and Logistics posting stronger-than-expected operating income,” said Chairman and Chief Executive Officer Matt Cox. “Within Ocean Transportation, we saw continued strong demand in our China service and steady performance in SSAT, but we also faced significant weather-related issues that primarily affected our Hawaii service. In our Logistics…