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Amazon, Sonos drive higher volumes for Matson

China 2775 Corp - Shipping 879 Earnings 586 Mode - Containerized 1355 Mode - Seaborne 1689 Quote Watch 353 U.S. 4937

Container line Matson reported Q4’20 revenue which expanded by 29.5% as the result of a 139.1% jump in shipments handled on China-U.S. lanes linked to a new expedited service. The firm expects more of the same with “supply and demand dynamics in (the) transpacific trade lane to remain largely favorable in the first half of 2021 as (the) pandemic persists” including an “abbreviated post-Lunar New Year period slowdown”. Panjiva’s data shows that the largest user of Matson’s services has been Amazon with a 2,083 TEU increase in volumes handled in Q4’20 versus a year earlier followed by 572 ...

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