Matson has announced its financial results for the second quarter ended 30 June 2026. The US carrier reported net income of US$129.4 million, or US$4.27 per diluted share. This compared with US$94.7 million, or US$2.92 per diluted share, in the same quarter last year. Consolidated revenue increased to US$969.4 million from US$830.5 million. “Matson had a strong second quarter with momentum in our China service carrying over from the post-Lunar New Year period,” said Matt Cox, Chairman and CEO of Matson. Cox said the company’s CLX and MAX services recorded stronger-than-expected freight rates and demand for e-commerce, garments and electronic goods. China service drives Ocean Transportation growth Ocean Transportation revenue increased by US$91.8 million, or 13.6%, compared with the second quarter of 2025. The increase was mainly driven by higher container volumes and freight rates in Matson’s China service. Ocean Transportation operating income rose by US$45.4 million, or 46%, year on year. The stronger China contribution was partly offset by higher vessel operating expenses, particularly fuel-related costs. Matson’s China service volume increased by 15.2% from the same quarter last year. The company attributed the rise to stronger demand compared with the second quarter of 2025, when tariffs introduced in April affected the Transpacific market. Matson expects its China service to operate at or near capacity throughout the peak season. Domestic trade volumes show mixed performance Container volume in Matson’s Hawaii service declined by 1.1% year on year due to lower general demand. The company expects its full-year Hawaii volume to approach the level recorded in 2025. It said the local economy remains stable, supported by construction activity and modest growth in tourist arrivals. However, higher energy-related inflation remains a challenge. Alaska volume declined by 2.3%, mainly due to lower seafood export volumes on the AAX service. One additional northbound sail