Updated at 2:18 p.m., Thursday, April 12, 2007
A&B creates new unit to expand logistics services
Advertiser Staff
Alexander & Baldwin Inc. announced today the formation of a new subsidiary, Matson Global Distribution Services, to expand its logistics services to include warehousing and distribution and freight forwarding services.Matson Global will be headed by 26-year industry veteran Brian Howver, formerly of NFI Industries. Howver will report directly to Matson Integrated Logistics president Robert Papworth and will be responsible for overseeing all aspects of the business, including developing its plan to launch. Howver will initially focus his effort on warehousing opportunities on the West Coast.
"In the robust U.S.-China trade lane, warehousing and distribution services are at the epicenter of the supply chain," said Allen Doane, Alexander & Baldwin chairman and chief executive officer. "The subsidiary formation is just one of several growth initiatives we are pursuing, and it will augment our recently announced transload and guaranteed inland service partnership with J. B. Hunt," Doane said.
In the past four years Matson Integrated Logistics has grown its operating profits from $3 million to nearly $21 million.
