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Matson
Matson

-5.64%

Logistics / Shipping

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Company at a Glance

Overview
Matson, Inc. is a publicly-traded transportation and logistics company based in Honolulu, Hawaii. The company was founded in 1882 as the Matson Navigation Company, and originally specialized in shipping goods between the United States mainland and Hawaii. Today, Matson offers shipping services to and from various locations in the Pacific, including Hawaii, Guam, and China.
The company has a strong focus on sustainability and environmental responsibility, and operates a modern, fuel-efficient fleet of ships. In addition to their shipping services, Matson also offers logistics services such as warehousing, distribution, and freight forwarding.
Matson is known for its commitment to customer service, and has received numerous awards and recognition for its quality and efficiency in the shipping industry. They also have a strong presence in the communities they serve, supporting various charitable and community organizations.
Overall, Matson is a well-established and reliable company with a long history of providing transportation and logistics services throughout the Pacific.
What is special about the company?
There are a few things that are special about the Matson company:
1. Rich History: The Matson company was founded in 1882 and has a long history of serving the shipping and transportation needs of the Pacific region. For over a century, Matson has played a significant role in the economic development of the Hawaiian Islands, and its ships have become synonymous with the "aloha spirit."
2. Strong Presence in the Pacific: Matson has a strong presence in the Pacific region, with a network of ports that extends from California to China, making it the largest carrier in the Pacific.
3. Diversified Business: While originally known for its shipping services, Matson has diversified its business to include logistics, land transport, and other services. This diversification allows the company to provide comprehensive transportation and logistics solutions to its customers.
4. Commitment to Sustainability: Matson is committed to sustainable practices and has implemented various initiatives to reduce its environmental impact. These include using low-sulfur fuel, investing in more fuel-efficient vessels, and implementing waste reduction programs.
5. Corporate Social Responsibility: Matson is a socially responsible company and actively gives back to the communities in which it operates. It supports various social, educational, and environmental initiatives, and its employees are encouraged to volunteer in their local communities.
6. Innovative Technology: Matson has invested in innovative technology and systems to enhance its operations, such as GPS tracking and real-time shipment tracking, ensuring efficient and reliable service for its customers.
7. Strong Customer Relationships: Matson has built strong relationships with its customers, many of whom have been partnering with the company for decades. This is a testament to the company's commitment to providing exceptional customer service and building long-term partnerships.
What the company's business model?
The Matson company's business model is primarily focused on providing transportation and logistics services in the Pacific region. They specialize in container shipping, ocean transportation, and logistics for goods and materials across the Pacific, including Hawaii, Alaska, Guam, and other islands. In addition to their shipping services, Matson also offers supply chain management, warehousing, and distribution services. Their business model also includes maintaining a fleet of ships and equipment, as well as managing port operations and terminal facilities. They generate revenue from shipping fees, logistics services, and other related services such as cargo insurance and freight forwarding.
Interesting facts about the company
1. The company was founded in 1882 by Captain William Matson, a Hawaiian businessman and sailor.
2. Matson is the largest ocean carrier in the Pacific, with a fleet of 22 vessels that operate on over 20 different routes.
3. The company initially began as a shipping company for the Hawaiian sugar industry, but expanded to become a leading carrier of tourism and cargo throughout the Pacific.
4. In 1927, Matson established the Matson Navigation Company, which revolutionized the shipping industry with its modern, diesel-powered ships.
5. During World War II, the U.S. government used Matson’s ships to transport troops and supplies to the Pacific front.
6. The company’s famous slogan, Matson Means to Hawaii, was created in 1937 and is still used today.
7. Matson’s luxury passenger cruise ship, the SS Lurline, was a popular choice for celebrities and politicians traveling to Hawaii in the 1950s and 1960s.
8. In 1958, Matson acquired the Pacific Far East Line, expanding its reach to Asia and Australia.
9. Matson was the first shipping company in the world to receive the U.S. Coast Guard’s Green Passport certification for environmental excellence.
10. In 2003, Matson became a subsidiary of Alexander & Baldwin, Inc., a leading Hawaiian company in land development and agriculture.
11. Matson has a long-standing commitment to the communities it serves and is involved in various charitable initiatives, including environmental preservation, education, and disaster relief efforts.
12. The company has been recognized for its exceptional service and performance, receiving numerous awards such as the Quest for Quality Award from Logistics Management and the Platinum Award for Best Transportation Service Provider by the Hawaii Magazine Readers’ Choice Awards.
13. Matson is known for its iconic red and white shipping containers, which can be spotted all over the Pacific and have become a symbol of the company’s presence in the region.
14. In 2012, the Matson Navigation Company celebrated its 125th anniversary, marking over a century of providing shipping services to Hawaii and the Pacific.
15. Today, Matson continues to be a leader in the shipping industry, providing reliable and efficient transportation services for everything from household goods to cars, fruits and vegetables, and industrial equipment.
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