Jack Atkins's questions to Matson Inc (MATX) leadership • Q1 2025
Question
Jack Atkins of Stephens Inc. asked for details on freight rate movements and market actions in the Transpacific lane following the implementation of tariffs and the subsequent drop in volume.
Answer
Matthew Cox, Chairman and CEO, described a volatile market where international carriers have responded by blanking a significant number of sailings. He noted that rate actions have been mixed, with some carriers holding rates, others increasing them from non-Chinese origins, and some lowering them. For Matson, Cox confirmed the company expects both lower average freight rates and lower volume for Q2 and the full year, stating that Matson's premium rates generally move in sympathy with the overall market direction.