On Wednesday, Shares of Matson, Inc. (NYSE:MATX), added 2.12% and now trading at $31.75 in the current trading session. The current trading range of the stock ranges between $31.03 and $31.81.
Matson, Inc. (“Matson”; NYSE: MATX) recently declared that its partner, Matson Navigation Company, Inc., a leading U.S. carrier in the Pacific, has elected to use its joint venture partner SSA Terminals for stevedoring and terminal services at the Port of Tacoma when its existing agreement with APM Terminals (APMT) expires on December 31, 2017.
“APMT has served us well. It just makes more sense to work with our planned partner at Tacoma as we do at all of our other terminals on the West Coast,” said Ron Forest, senior vice president – operations for Matson. “We expect a seamless transition and no change in our Tacoma operations from a customer standpoint.”
Analyst recommendation for this stock stands at 2.00.