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Fuel prices, cargo declines hit Matson

  • COURTESY PHOTO

    β€œIt’s not uncommon for fuel to have this kind of timing impact on our quarterly results, but over the year we expect this timing impact to be neutralized.”

    Matt Cox

    Company chairman and CEO of Matson Inc.

  • CINDY ELLEN RUSSELL / CRUSSELL@STARADVERTISER.COM

    A Matson container ship is docked under cranes at Honolulu Harbor.

First-quarter profit at Matson Inc. tumbled 61 percent as the largest ocean cargo transportation company serving the state absorbed higher fuel prices and small cargo volume declines in Hawaii, Alaska and Guam. Read more

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