Matson
opening remarks ocean transportation and logistics business segments continued to perform well despite a challenging business environment and relatively difficult economic conditions impacting the consumer ocean transportation our china service experienced solid freight demand despite the muted peak season in the transpacific but generated lower yoy volume and freight rates which were the primary contributors to the yoy decline in our consolidated operating income lower yoy volumes in and compared to year ago period logistics lower yoy operating income primarily due to a lower contribution from transportation brokerage | Matson
Company
Deck Type
Sector
Industry
Deck date
October 2023
Slide
3 of 18
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opening remarks we are off to a solid start for the year with ocean transportation performing better than expected and logistics meeting expectations in ocean transportation operating income roughly flat yoy our china service experienced healthy demand coming out of a more traditional and an additional northbound sailing in the year ago period respectively logistics raising outlook for now expect consolidated operating income to be modestly higher than million achieved in higher contribution from ocean transportation than in previous outlook | Matson
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opening remarks ocean transportation and logistics business segments performed well despite a challenging business environment and sluggish economic growth ocean transportation our china service saw higher sequential quarterly freight demand but generated lower year over year volume and freight rates which were the primary contributors to the decline in our consolidated operating income lower year over year volumes in and compared to year ago period logistics lower yoy operating income primarily due to lower contributions from transportation brokerage and supply chain management | Matson
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