News Releases

November 22, 2000

Summary ToggleMatson Files 3.5 Percent Rate Increase in U.S. Pacific Coast/Hawaii Service

SAN FRANCISCO--(BUSINESS WIRE)--Nov. 22, 2000--Matson Navigation Company has filed a 3.5 percent rate increase in its U.S. Pacific Coast -- Hawaii Service, effective February 14, 2001. The increase was filed with the Surface Transportation Board today.
November 13, 2000

Summary ToggleBNSF and Matson Begin Operating Intermodal Train Service Along I-5 Corridor

FORT WORTH, Texas--(BUSINESS WIRE)--Nov. 13, 2000--The Burlington Northern and Santa Fe Railway Company (BNSF) and the Matson Navigation Company subsidiary, Matson Intermodal System, Inc., today announced they have begun operating a new intermodal train service called the Pacific Coast Express.
November 2, 2000

Summary ToggleA&B Continues Hawaii Expansion, Announces New Acquisition; Office Building on Corner of Kapiolani and Keeaumoku

HONOLULU--(BUSINESS WIRE)--Nov. 2, 2000--Alexander & Baldwin, Inc. (NASDAQ: ALEX) has entered into a purchase agreement to acquire the Pacific Guardian Tower from Tosei Properties, Inc. The high-quality, 18-story office building contains 124,000 square feet of office and ground floor retail space.
October 26, 2000

Summary ToggleA&B 4th-Quarter 2000 Dividend Authorized

HONOLULU--(BUSINESS WIRE)--Oct. 26, 2000--The Board of Directors of Alexander & Baldwin, Inc. (NASDAQ:ALEX) today announced a fourth-quarter 2000 dividend of 22.5 cents per share, payable on December 7, 2000 to shareholders of record as of the close of business on November 9, 2000.
October 19, 2000

Summary ToggleA&B 3rd Quarter Earnings Per Share 23-Percent Higher; Ocean Transportation, Property Transactions Lead Improvement

HONOLULU--(BUSINESS WIRE)--October 19, 2000--Alexander & Baldwin, Inc. (Nasdaq:ALEX) today reported that its third quarter 2000 net income increased 16 percent to $21,354,000, and that its third quarter earnings per share increased 23 percent, to $0.53 per share, on fewer shares outstanding.
October 13, 2000

Summary ToggleMatson Adds Eighth Ship to Hawaii Service Fleet

SAN FRANCISCO--(BUSINESS WIRE)--Oct. 13, 2000--In response to the strengthening Hawaii economy and the concurrent increase in market demand, Matson Navigation Company is adding capacity and increasing service frequency to its Hawaii Service. Effective Oct.
September 15, 2000

Summary ToggleMatson to Raise Fuel Surcharge By 1%

As a result of continued increases in fuel costs, Matson Navigation Company is raising its fuel surcharge by 1 percent in its Hawaii and Guam services, effective October 15, 2000. This will bring the total fuel surcharge to 4.25%. The fuel surcharge was filed with the Surface Transportation Board
September 13, 2000

Summary ToggleHC&S to Restructure Operations, Close Paia Mill

Low Sugar Prices, Effects of Continued Drought Call For Changes PUUNENE, Maui – Hawaiian Commercial & Sugar Company (HC&S) Plantation General Manager G. Stephen Holaday today announced a reorganization at HC&S. Meetings are being held with company employees to explain the
August 22, 2000

Summary ToggleA&B Moves Ahead with Additional Phase of Maui Business Park

$4 Million Infrastructure Construction Continues, Land Sold to Home Depot for Store KAHULUI, MAUI -- With $4 million of infrastructure improvements well underway at the 34-acre Phase IB of the Maui Business Park, A&B Properties, Inc. today announced the sale of a 12.7-acre parcel to Home Depot,
August 8, 2000

Summary ToggleA&B Invests in Ontario, Calif. Warehouse/Distribution Center

Third Purchase in Growing Industrial District, the West Inland Empire HONOLULU -- Alexander & Baldwin, Inc. (NASDAQ: ALEX) today purchased the Ontario Distribution Center in Ontario, Calif., announced A&B President and CEO W. Allen Doane. The Center consists of three warehouse buildings