Matson Releases Sustainability Report

Matson Releases Sustainability Report

In its new 2021 Sustainability Report, Honolulu-based marine cargo carrier Matson, Inc. detailed its strides to invest and practice in a more environmentally mindful way while serving its communities, customers and employees. The July 25 report also includes Matson’s “strategic approach and how it measures progress and celebrates key achievements,” according to the company. The report also highlights its $4.2 million investment in community support, a 19% uptick over 2020. Over 560 community groups benefited from company funding and services, directing it towards environmental conservation, food banks and social equity programs. The report includes Matson’s goal to reach net zero…
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Matson Announces Initial Q1 Earnings

Matson Announces Initial Q1 Earnings

Honolulu-based Matson Inc. expects the first quarter operating income for its ocean transportation business to be $410-to-$415 million and the operating income for its logistics business to be $16-to-$17 million, with Q1 2022 net income anticipated to be $329.5-to-$338 million, according to the company. Ahead of the company’s May 3 first quarter earnings call, Matson’s CEO said the company is off to a solid start this year with higher year-over-year operating income in ocean transportation and logistics. "Within ocean transportation, our China service continued to see significant demand for its expedited ocean services as volume for e-commerce, garments and other…
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Matson Inc. Announces New Leadership Roles

Matson Inc. Announces New Leadership Roles

Honolulu-based Matson has announced that five employees will take on new leadership roles within the company.  Vic Angoco, Matson’s senior vice president, Pacific, will become senior vice president, Alaska, starting on July 1. He will take over for Bal Dreyfus, who is retiring.  Angoco, who will be based in Anchorage, currently oversees the company’s Hawaii, Guam, Micronesia and South Pacific operations and brings 32 years of maritime experience. He started with Matson in 1996 as operations manager on Guam, before moving on to various leadership roles in Guam and Hawaii.  “As difficult as it is to replace an executive with…
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