Matson Results Presentation Deck
Commentary on the Transpacific Tradelane
• In 1Q23, retail customers continued to conservatively manage inventories amid
weakening consumer demand, increasing interest rates and economic uncertainty
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Currently in the Transpacific marketplace, business conditions are mixed with general
improvement in tradelane capacity and some improvement in retailer inventories, but
we continue to see conservative management of inventories by retail customers in light
of economic uncertainty
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As such, we expect our CLX and CLX+ services in 2Q23 to reflect freight demand levels
below normalized conditions with lower YoY volumes and rates
- Absent an economic "hard landing" in the U.S., we expect improved trade dynamics in 2H23
as the Transpacific marketplace transitions to a more normalized level of demand
Regardless of the economic environment, we expect to continue to earn a significant
rate premium to the Shanghai Containerized Freight Index (SCFI) reflecting our fast
and reliable ocean services and unmatched destination services.
5 Preliminary First Quarter 2023 Earnings Supplement
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