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Matson joins the 2022 chorus, growth slowing but still substantial

China 2899 Cons. Discr. - Apparel 449 Corp - Shipping 937 Earnings 667 Mode - Containerized 1424 Mode - Seaborne 1760 Quote Watch 438 U.S. 5200

Matson reported Q2’21 revenue growth of 66.9% year over year after the container line’s volume handling jumped 28.4% year over year and shipping rates surged. China-U.S. shipping volumes led the way with 59.1% growth. The firm has joined a chorus of logistics firms expecting current market trends to continue into 2022. CEO Matthew Cox has stated that there will be “a high level of demand at least into Lunar New Year”. Mr. Cox also asserted that the firm’s China-U.S. services will be “operating at capacity” through that period. The main driver of the growth in the Matson’s China-U.S. serv...

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