Matson raises outlook as China volumes climb 16%

Matson reported stronger third-quarter results and raised its full-year outlook, supported by higher volumes and freight rates on its China services.

The US carrier generated consolidated revenue of US$1.11 billion during the third quarter of 2026. This represents an increase of 26.5% from US$880.1 million in the same period last year.

Net income rose to US$209.4 million from US$134.7 million, while diluted earnings per share increased from US$4.24 to US$6.96. Consolidated operating income reached US$255.2 million, compared with US$161 million a year earlier.

“Matson had a stronger-than-expected third quarter,” said Matt Cox, chairman and chief executive officer of Matson.

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