Matson, the U.S.-based container line, reported that its fourth-quarter results were marginally weaker due to a decrease in container volumes. However, the company received a boost from its joint venture in box terminal operations.

Container shipments experienced a 2.3% decline compared to the same quarter in 2025, with trade war effects contributing to a 7.2% drop in volumes from China.

Operating income for ocean transportation fell to $136 million from $137.4 million. Revenue for this segment was $704.2 million, down from $742.1 million year-over-year.

Matson (NYSE: MATX), headquartered in Honolulu, generated $9.3 million in revenue from its SSA Terminals joint venture, which operates at U.S. West Coast ports like Tacoma. In 2025, Matson had written off $18 million associated with SSAT.

The company anticipates lower year-over-year volumes in the first quarter. For the full year, traffic is expected to be modestly higher than in 2025, supported by continued strong U.S. consumer demand and a stable trading environment in the trans-Pacific tradelane.

For the full year, Matson posted ocean revenue of $2.74 billion, a decrease from the previous year.