03
May
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…