Container lines won’t release final results for the second quarter until next month, but early disclosures suggest they have stemmed the bleeding, at least temporarily.
Hawaii-based niche carrier Matson (NYSE: MATX) announced preliminary results late Thursday, projecting Q2 2023 net income of between $76.3 million and $81.5 million. This range is more than double Q1 2023 net income of $34 million.
Matson CEO Matt Cox confirmed that his company’s China service saw higher demand in the second...
https://www.freightwaves.com/news/container-line-earnings-could-surprise-to-upside-in-q2