Matson projects its third-quarter ocean transportation operating income will be approximately 45% higher than the $147.4 million achieved in the third quarter of 2025, supported by a near-capacity China service. Chairman and CEO Matthew Cox said the strong second quarter was driven primarily by the China service, where freight rates exceeded expectations on demand from e-commerce, garments, and e-goods. Executive VP and CFO Joel M. Wine added that for the fourth quarter of 2026, ocean transportation operating income is expected to be modestly lower than the $136 million achieved in the fourth quarter of 2025 due to an elevated period of freight demand in that prior-year period. The company also raised its full-year outlook, now expecting consolidated operating income to be higher than the $499.8 million achieved in 2025, citing continued solid U.S. consumer demand and a stable transpacific trading environment. Southeast Asia expansion remains a key strategic priority, with cargo from the region now representing 20% to 25% of China service volume.
Matson IncChina service near capacity with freight rates exceeding expectations on strong e-commerce, garments, and e-goods demand, driving higher Q3 operating income.