New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 24, 2014
07:12 EDTMATXMatson price target raised to $36 from $32 at Stifel
After a trade publication reported that Matson (MATX) competitor Horizon Lines was in talks to sell its Puerto Rico business to a private company, Stifel thinks that Matson could acquire Horizon's Alaska business. The firm thinks that such a deal would provide a positive catalyst for Matson's stock. It keeps a Buy rating on the shares.
News For MATX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 24, 2015
17:31 EDTMATXMatson to file rate increases in 2016
Matson announced that Matson Navigation Company will raise its cargo rates for Hawaii service by $225 per westbound container and $110 per eastbound container, effective January 3, 2016. The adjustment, which will represent an increase of less than 5 percent for the majority of Matson's customers, is designed to help offset increasing costs of operation and support continuing investment in improvements to Matson's Hawaii service.Matson has invested nearly $1B in new containerships, fleet enhancements, new container equipment, information technology improvements and upgrades to its terminal facilities in recent years. Last month, the company commenced construction on two new 3,600 TEU 'Aloha Class' containerships that are designed specifically for Hawaii service and scheduled to launch in 2018.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use