Matson, Inc. ("Matson" or the "Company") (NYSE: MATX) today announces preliminary third quarter financial results, provides a business update and announces that its third quarter earnings call will be held on October 30, 2023.
Cargo volumes were a mixed bag for Gulf Coast ports in August, with Corpus Christi and New Orleans reporting gains, while Houston saw a 20% decline in container shipments. The post Port Houston sees falling container traffic in August appeared first on FreightWaves.
we have to buy more from abroad and true with the supply chain crisis. it is playing out here in long beach and the port of los angeles. so there are 143 ships like you see here off the coast. some are at dock, some at anchor, some drifting 30 miles out to sea waiting to come to port. similar situation on the other side of the pacific, even more ships are waiting to get into shanghai to reload. then of course here we have another problem with truckers. container volume is up 30% at the port, trucking capacity is up only 8%. long beach trying to go to 24 hours a day at the port there but there weren t any drivers. warehouses in southern california are 98% full. 96% across the west. the rail yards, average turnaround time for a container in february was six days. now it s nine days.
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