Matson Expects $30 Million Benefit In 2020 From Investments

Matson Inc. (NYSE: MATX) said that in 2020 it expects to reap approximately $30 million in financial benefits from new vessels and other infrastructure investments and $40 million annually thereafter. Matson reported net income of $36.2 million in the third quarter of 2019, compared to $41.6 million in the same period last year. Matson is calling 2019 a “transition year,” with several significant investments nearing finalization.