A&B Forms Matson Global Subsidiary
Alexander & Baldwin, Inc., announced the formation of a new subsidiary, Matson Global Distribution Services, to expand its logistics service menu to include warehousing and distribution, freight forwarding and non-vessel operating common carrier (NVOCC) 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 (MIL) president Robert (Bob) C. 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. The formation of Matson Global represents a natural, strategic extension of MIL. In the past four years, MIL has grown its operating profits from $3m to nearly $21m.