The Port of Alaska at Anchorage serves as a lifeline for many Alaskan residents that benefit from scheduled container loads of groceries and other consumer products from the Lower 48 states.While public nerves in the state were rattled by supply concerns when Alaska's governor on March 27 issued a "shelter-in-place" order to stave off personal transmissions of COVID-19, the state's port authority and ocean carriers calling on Anchorage insisted that ships loaded with containers will continue to arrive on schedule.Bal Dreyfus, Matson's senior vice president for Alaska, said on March 28 that "‘shelter at home' and intrastate travel restrictions issued for residents of Alaska do not affect our operations, as Matson and the services that support our operations are considered ‘essential businesses' supporting critical transportation infrastructure." He added, "Matson continues to operate all Alaska service schedules without interruption. Ports are operating normally and we expect no disruptions at this time."Matson, Inc. (NYSE: MATX) container vessels transport containerized goods from Tacoma, Washington, to Anchorage on a twice weekly basis.TOTE Maritime also provides container/trailer shipping services between Tacoma and Anchorage on a similar schedule."We remain committed to our customers and delivering safe and reliable service to Alaska, and we have no plans to change," the carrier said in a recent statement to its customers. "TOTE Maritime Alaska and Alaska as a whole are no strangers to challenges. We see this challenge as an opportunity to continue to demonstrate our resilience and strength as the most reliable service to Alaska.""The Port of Alaska [at Anchorage] is open and operating as normal during the ongoing COVID-19 pandemic," Port of Alaska spokesman Jim Jager told American Shipper by email on April 2. "Matson and TOTE vessels made regularly scheduled deliveries on Sunday, March 29 and Tuesday, March 31, 2020. Their next scheduled deliveries are on Sunday, April 5, 2020." A TOTE Maritime ship being worked at the Port of Alaska at Anchorage. [Photo Credit: Port of Alaska]However, both Matson and TOTE crews, which operate under the domestic U.S.-flag ocean shipping rules of the Jones Act, must remain on board when their ships are in the Port of Alaska to observe the state's COVID-19 emergency response plan, Jager said.Grace Greene, president of TOTE Maritime Alaska, implemented company-wide policies to keep her employees safe from exposure to COVID-19 in mid-March. "These measures include supporting social distancing efforts by encouraging employees to work from home and increasing measures to limit exposure to our vessel crews at sea," she said."TOTE is taking proper health and safety precautions throughout the organization to protect one another, our crews, our vessels and operations, and the cargo we ship," the company said in a statement early March.In addition to Anchorage, Matson said it continues to maintain scheduled sailings from Tacoma to Alaska's Kodiak (twice weekly) and Dutch Harbor (once weekly) ports. The carrier also said its southbound ship schedules remain normal.Matson said throughout the COVID-19 pandemic it will continue to work closely with the U.S. Coast Guard and other government agencies to facilitate Alaska's port operations.On April 2, Customs and Border Protection (CBP) in Anchorage notified the trade that due to an employee testing positive for COVID-19 its office at 605 West 4th Avenue in Anchorage will be closed for the next 14 days.The agency said in the interim that import entry summary packages; payments of fines, penalties and forfeitures; duty payments; and petitions, related to ocean cargo in Anchorage can be delivered to CBP's office at Ted Stevens International Airport."The temporary closure will not disrupt operations at the CBP Port of Anchorage," a CBP spokesman told American Shipper. "CBP remains steadfast in its commitment to facilitating lawful trade and ensuring the security of our supply chains throughout the COVID-19 pandemic."Photo Credit: Port of AlaskaSee more from Benzinga * Shipping Marketplace uShip Lays Off 65 Employees * Getting A Reading On The Freight Industry – On The Spot (With Video) * Airforwarders Association Executive Director Stresses Importance Of Air Cargo Amidst COVID-19 Crisis(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]

"I have been following Dr. Inan Dogan since this outbreak, and he is  a phenomenally intelligent researcher. One month ago, Dr. Dogan's prediction that the total U.S. death toll would be 20,000+ by April 15th was deemed "radical". His Recession is Imminent article in February was very timely. Now he believes we could quickly end […]

Q1 2020 Matson Inc Earnings Call

Matson, Inc. (NYSE: MATX) announces preliminary first quarter financial results, amendments to its bank and long-term note agreements to enhance liquidity, and withdraws its financial outlook for the full year 2020 in light of the evolving COVID-19 situation.

Among the six largest Hawaii stocks that closed lower Wednesday, Hawaiian Airlines parent Hawaiian Holdings Inc. (Nasdaq: HA) suffered the largest loss.

Joining me on the call today are Matt Cox, chairman and chief executive officer; and Joel Wine, senior vice president and chief financial officer. Before we begin, I would like to remind you that during the course of this call, we will make forward-looking statements within the meaning of the federal securities laws regarding expectations, predictions, projections or future events. Please also note that the date of this conference call is May 5, 2020, and any forward-looking statements that we make today are based on assumptions as of this date.

It's been a mediocre week for Matson, Inc. (NYSE:MATX) shareholders, with the stock dropping 14% to US$32.64 in the...

Matson, Inc. ("Matson" or the "Company") (NYSE:MATX), a leading U.S. carrier in the Pacific, announced today that due to the rapidly evolving COVID‑19 pandemic, and to support the health and safety of our shareholders and employees, the Company's 2020 Annual Meeting of Shareholders will be a virtual meeting instead of an in‑person meeting as previously announced. The Annual Meeting will be held on Thursday, April 23, 2020 at 8:30 a.m., Hawaii Standard Time as previously scheduled. However, shareholders will not be able to attend the Annual Meeting in person.

Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...

Hawaiian Electric Industries (NYSE: HE), parent of Hawaiian Electric Co. and American Savings Bank, fared the best among the eight Hawaii stocks in trading on Thursday.

Matson contributed a total of $3.7 million in cash and in-kind donations to 960 charitable organizations and non-profit programs in the communities it serves during 2019.

While the coronavirus has hurt international trade at U.S. ports, the movement of goods between the Pacific Northwest and Alaska remains healthy."Alaska is our largest market in our domestic trade, accounting for approximately 80% of domestic containerized cargo. We are the lifeline for people in Alaska. In fact, Puget Sound's trade with Alaska is estimated at more than $5 billion. In March, we saw an 11% year-over-year increase in our Alaska volumes driven by a spike in demand for grocery supplies by major retailers," said Northwest Seaport Alliance (NWSA) Chief Executive Officer John Wolfe. Port of Seattle Commission President Peter Steinbrueck said Alaska is "highly, highly dependent" on receiving goods shipped from the NWSA's seaports of Seattle and Tacoma, Washington."These essential items for Alaska include groceries, consumer goods, automobiles, construction equipment, materials and supplies, and so forth on the inbound. Outbound, Alaska sends seafood. We're gearing up for the big seafood season. There are many uncertainties right now. We're trying to work through them to maintain that operationality. Hopefully the economic challenges can be overcome here as well with regard to keeping things flowing," Steinbrueck said.Jim Jager, external affairs director for the Port of Alaska, said, "Shippers have plenty of capacity to handle additional seafood cargo and they should not feel too much financial pain if COVID-19 significantly reduces 2020 commercial fishing harvests."Jager said TOTE Maritime and Matson deliver the majority of food and consumer goods to Anchorage twice a week."These vessels depart the Port of Tacoma on Wednesdays and Fridays and take a little less than three days to reach Anchorage, depending upon weather and tides," Jager said. "TOTE services Alaska with two ships that sail directly between Tacoma and Anchorage. Matson uses three ships that also provide twice-weekly service to Kodiak and once-weekly service to Dutch Harbor."TOTE and Matson have maintained normal Alaska shipping schedules throughout the COVID-19 pandemic," Jager continued. "The Port of Alaska noticed a slight seasonally adjusted increase in container volumes in late March/early April as local retail managers adjusted their orders to accommodate COVID-19 shopping patterns, but that surge seems to be settling back to normal as local retail stores restock their shelves."Wolfe said NWSA terminals also have been operating normally throughout the coronavirus crisis."It's critically important that we keep this gateway functioning at a high level and there is confidence this gateway is going to stay open. Each and every day we are reaching out to the industry and all the stakeholders to be part of the solution and recovery in the very near term," Wolfe said."It's critical that we continue to provide the transportation infrastructure that's necessary in this global crisis — medical supplies, foodstocks, equipment, a whole range of things that come through our ports. We have a critical role here in terms of ensuring that continuity in the supply chain."See more from Benzinga * COVID-19 Survivor Speaks And The Importance Of PPE For Truckers (With Video) * Freight Futures Daily Curve: 4/20 * Port Of Virginia Shuttering Terminal(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Each of Hawaii's eight largest publicly traded companies in the Islands posted gains, and six closed higher than before Thursday’s sell-off that marked the greatest losses since 1987.

Blume Global, a leader in global logistics and digital supply chain solutions, today announced that Matson Logistics, a provider of supply chain services and a subsidiary of Matson, Inc. (NYSE: MATX), has selected Blume Assets to increase visibility, and optimize utilization for its fleet of more than 700, 53-foot intermodal containers.

Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today announced that it will release its financial results for the first quarter on Tuesday, May 5, 2020.

Q4 2019 Matson Inc Earnings Call

Beyond the modest declines in Q4 of 2019, Matson anticipates a continued decline in cargo due to the potential economic and financial impacts of the coronavirus in early 2020.

MKM Partners analyst Eric Handler maintained a Hold rating on Mattel (NASDAQ:MAT) on Monday, setting a price target of $9, which is approximately 12.36% above the present share price of $8.01.