67 WALL STREET, New York - August 18, 2014 - The Wall Street Transcript has just published its Transportation & Logistics Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Regulatory Issues in the Trucking Industry - Trucking Pricing & Capacity Dynamics - Truckload, LTL, Parcel, Rail and Intermodal - Technology Adoption and Infrastructure Investments - Retail and Industrial Transportation Demand - Trucking Labor Shortage - Tight Truckload Capacity
Companies include: Matson (MATX) and many more.
In the following excerpt from the Transportation & Logistics Report, the Senior Vice President and CFO of Matson, Inc. (MATX) discusses company strategy and the outlook for this vital industry:
TWST: Please begin with a brief history of the company and a picture of how it's evolved.
Mr. Wine: Matson is a 132-year-old company. We have been the market leader in carrying freight to Hawaii for many decades. As the container business and containerization spaces have also evolved over time, we've expanded and evolved our service, carrying freight onward to Guam in the 1990s and China in the 2000s.
Last year, we bought a very small business and expanded down in the South Pacific in New Zealand, Fiji and other South Pacific islands. So Matson has a long history as a high-quality service provider to islands and niche geographic locations over time. That's how we've evolved and grown the company through a long, rich history.
TWST: Can you give us a closer look at where your most traveled trade routes are?
Mr. Wine: Our largest routes right now are Hawaii in terms of number of containers, and then secondly, China, and then thirdly, Guam. So let me comment on each of those. The demand in Hawaii looks good. The economy has been improving steadily since the recession. Tourism has been strong and construction is now kicking in. As more goods are shipped to Hawaii from the West Coast, we benefit.
In Guam, the market is a much smaller market in terms of population and GDP, but it has been a steady market for us, and we continue to see a demand profile that is stable with today's level. On our China trade lane, we offer an expedited service, and our ships are essentially full, year in, year out. We represent a very small percentage of the total market from China to the United States, and demand for our expedited service remains high. We continue to receive a premium for our expedited service...
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
- Professional Services