From the Honolulu Star-Advertiser:
The recent federal tax overhaul generated a $155 million windfall for the local company that brings most goods to Hawaii by ship.
Matson Inc. announced Tuesday that its profit in the last three months of 2017 ballooned to $167 million due to the tax benefit. In the same quarter the year before, Matson earned $20 million.
Without the tax gain, Matson’s fourth-quarter profit would have been lower. The company reported income before taxes of $19.9 million in the recent quarter, down 35 percent from $30.5 million in the same quarter the previous year.