Exhibit 99.1

CONSOLIDATED FINANCIAL STATEMENTS

SSA Terminals, LLC

Fiscal Years Ended January 26, 2018, January 27, 2017,

and January 29, 2016

With Report of Independent Auditors

Ernst & Young LLP

SSA Terminals, LLC

Consolidated Financial Statements

Fiscal Years Ended January 26, 2018, January 27, 2017, and January 29, 2016

Contents

Report of Independent Auditors

The Members

SSA Terminals, LLC

We have audited the accompanying consolidated financial statements of SSA Terminals, LLC (the Company), which comprise the consolidated balance sheets as of January 26, 2018 and January 27, 2017, and the related consolidated statements of operations and comprehensive income, changes in members’ equity, and cash flows for each of the three years in the period ended January 26, 2018, and the related notes to the consolidated financial statements.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in conformity with U.S. generally accepted accounting principles; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free of material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of SSA Terminals, LLC at January 26, 2018 and January 27, 2017, and the consolidated results of its operations and its cash flows for each of the three years in the period ended January 26, 2018, in conformity with U.S. generally accepted accounting principles.

March 29, 2018

SSA Terminals, LLC

Consolidated Balance Sheets

(in thousands)

See accompanying notes.

SSA Terminals, LLC

Consolidated Statements of Operations

(in thousands)

See accompanying notes.

SSA Terminals, LLC

Consolidated Statements of Comprehensive Income

(in thousands)

See accompanying notes.

SSA Terminals, LLC

Consolidated Statements of Changes in Members’ Equity

(in thousands)

See accompanying notes.

SSA Terminals, LLC

Consolidated Statements of Cash Flows

(in thousands)

SSA Terminals, LLC

Consolidated Statements of Cash Flows (continued)

(in thousands)

See accompanying notes.

1.  Operations

SSA Terminals, LLC and its subsidiaries (collectively, the Company) is a limited liability company owned by SSA Ventures, Inc. (SVI), a wholly owned subsidiary of SSA Marine, Inc. (SSA), and Matson Ventures, Inc. (MVI), a wholly owned subsidiary of Matson Navigation Company, Inc. (Matson).

The Company provides container stevedoring and terminal services in the states of California and Washington. Substantially all of the Company’s direct labor provided is subject to collective bargaining agreements.

The Company’s operations are governed by a limited liability company agreement (the Agreement), which provides for, among other matters, ownership percentages, and allocation of profits, losses, and distributions among the members. SVI’s and MVI’s ownership interests in the Company are 65% and 35%, respectively. Earnings and distributions are allocated between the members based on their respective ownership percentages. Under the terms of the Agreement, the members are not liable for obligations of the Company and have no obligation to make contributions to the Company in excess of their respective commitment.

The Company has an administrative service agreement and a vessel planning agreement (the Admin and Vessel Planning Agreements, respectively) with a wholly owned subsidiary of SSA for administrative, computer, and vessel planning services, which are charged to the Company based on the number of containers loaded and unloaded from vessels. Due to the significance of the agreements described above, the Company’s reported consolidated financial position, results of operations, and cash flows may be different than if it operated on a stand-alone basis.

Effective August 28, 2007, the Company signed a limited liability company agreement with COSCO Shipping Terminals (USA) LLC (CST) to create SSA Terminals (Seattle), LLC (SSATS) and operate a terminal in Seattle, Washington. The Company has a two-thirds ownership interest in SSATS with the remaining one-third owned by CST.

Effective January 30, 2009, the Company signed a limited liability company agreement with NYK Terminal (Oakland), Inc. (NYK) to create SSA Terminals (Oakland), LLC (SSATO) and operate a terminal in Oakland, California. The Company has an 80% ownership interest in SSATO with the remaining 20% owned by NYK.

2.  Summary of Significant Accounting Policies

Basis of Presentation and Use of Estimates

The consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries, SSATO and SSATS. All significant intercompany transactions and balances have been eliminated in consolidation.

The Company prepares its consolidated financial statements in conformity with accounting principles generally accepted in the United States (GAAP). The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. In the future, as more information becomes known, those estimates and assumptions could change, which could impact the amounts reported and disclosed herein. Actual results could differ from those estimates.

Profits and losses of subsidiaries are allocated to the Company based on its ownership percentage in the underlying subsidiary. The Company records noncontrolling interests in its consolidated financial statements to recognize the earnings and losses of the consolidated subsidiaries allocated to minority members in the Company’s consolidated entities.

Financial Reporting Period

The Company’s fiscal year ends on the last Friday in January. Fiscal years 2018, 2017, and 2016 included 52 weeks.

Cash and Cash Equivalents

The Company maintains cash and cash equivalents in demand deposit bank accounts and money market funds. The Company considers all highly liquid investments with original maturities of three months or less when purchased to be cash equivalents. The balances in certain bank accounts may at times exceed federally insured limits. The balances in money market funds are not federally insured. Cash and cash equivalents include the following:

2.  Summary of Significant Accounting Policies (continued)

Receivables and Allowance for Doubtful Accounts

Accounts receivable are recorded at cost. An allowance for doubtful accounts is estimated based on factors such as credit quality of customers, historical loss experience, and current economic conditions. Balances are relieved from the allowance for doubtful accounts as they are determined to be uncollectible.

Property and Equipment

Property and equipment are stated at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. Depreciation for leasehold improvements is recognized on a straight-line basis over the shorter of the estimated useful life of the asset or the lease term. Estimated useful lives of property and equipment are as follows:

The Company evaluates its long-lived assets for impairment if events or changes in circumstances indicate that the carrying amount of such assets may not be fully recoverable. The Company evaluates the recoverability of long-lived assets held for use by measuring the carrying amount of the assets against the estimated undiscounted future cash flows associated with these assets. If at the time such evaluations are performed, the future undiscounted cash flows of long-lived assets held for use are not sufficient to recover the carrying value of such assets, the assets are adjusted to their fair values. No impairment has been recognized during fiscal years 2018, 2017, or 2016.

Investment in Joint Venture

The Company accounts for its 50% investment in SSA Terminals (Long Beach), LLC (SSATLB), in which it has the ability to exercise significant influence, under the equity method. Under this method, the investment was initially recorded at cost and is adjusted to recognize the Company’s share of earnings, losses, distributions, and comprehensive income.

The Company has evaluated its investment in SSATLB and has determined it has no variable interest in the joint venture.

During the year, the members of SSATLB approved the dissolution of SSATLB, as further described in Note 5.

2.  Summary of Significant Accounting Policies (continued)

Other Assets

Other assets include deferred charges and deposits. The deferred charges are payments of $6,125 made to a customer during fiscal year 2014, which were recorded at cost and are amortized as a reduction to revenue on a straight-line basis over the life of the customer contract. During each of fiscal years 2018, 2017, and 2016, $687 was recognized as a reduction to revenue. As of January 26, 2018, and January 27, 2017, respectively, $3,034 and $3,721 remains unamortized, of which $687 is current in each year. Other assets also includes refundable security deposits of $11,972 and $11,733 as of January 26, 2018, and January 27, 2017, respectively. Leases are further described in Note 13.

Claims and Other

Claim reserves for property damage and general liability represent management’s best estimate of the ultimate liability, including estimable legal fees that have not been incurred, for all asserted and unasserted losses incurred through year end. The property damage and general liability reserves are estimated using individual case-basis valuations. Although variability is inherent in such estimates, management believes that the reserves for property damage and general liability are adequate. The estimates are continually reviewed and adjusted as claims develop or new information becomes known; such adjustments are included in current operations. Anticipated recoveries from insurance coverage are classified in the accompanying consolidated balance sheets as insurance recoveries receivable.

Revenue Recognition

The Company earns revenue from services provided to shipping lines and beneficial cargo owners. Services include loading and unloading containers from ocean-going vessels and movement and storage of containers. Customers are granted credit and payment is required in U.S. dollars.

Revenue is recognized and earned upon job completion when all of the following criteria are satisfied with regard to a specific transaction: persuasive evidence of a sales arrangement exists, the price is fixed or determinable, cash collection is reasonably assured, and delivery has occurred or services have been rendered. The Company also earned revenue from providing labor and services to SSATLB through the effective date of the dissolution, as more fully described in Notes 5 and 8. The Company presents revenue earned from the sale of goods or services to SSATLB on a gross basis. The Company serves as principal in transactions because it is responsible for the contractual relationship with the customer, has latitude in establishing prices, has discretion in supplier selection, and retains credit risk.

Taxes

The Company is not a tax-paying entity for federal income tax purposes. Therefore, no federal income tax expense has been recorded in the consolidated financial statements. The Company’s results of operations are reportable by the members in their respective federal income tax returns.

2.  Summary of Significant Accounting Policies (continued)

Income and losses for income tax purposes may differ from the financial statement amounts and may be allocated to the members on a different basis for tax purposes than for financial reporting. Members’ equity in the consolidated financial statements does not necessarily represent the tax basis of the members’ interest.

Comprehensive Income (Loss)

Comprehensive income (loss) consists of net income (loss) and other gains and losses affecting members’ equity which under GAAP, are excluded from net income (loss). Other comprehensive income (loss) consists of the changes in the minimum pension and other retirement liabilities from a deficit in the funded status of the Company’s plans.

Fair Value of Financial Instruments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To increase the comparability of fair value measures, the following hierarchy prioritizes the inputs to valuation methodologies used to measure fair value:

Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument.

Level 3 inputs are unobservable inputs based on the Company’s own assumptions used to measure assets and liabilities at fair value.

A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement.

The Company has money market funds that are included in cash equivalents and are classified within Level 1 of the fair value hierarchy.

The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, receivables, accounts payable and accrued liabilities, and related-party receivables and payables approximate their fair values due to the short-term nature of those amounts.

Subsequent Events

The Company has evaluated subsequent event transactions for potential recognition or disclosure in the consolidated financial statements through March 29, 2018, the day the consolidated financial statements were available to be issued.

2.  Summary of Significant Accounting Policies (continued)

New Accounting Pronouncements

In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842) (ASU 2016-02). ASU 2016-02 affects any lessee (for capital and operating leases) and lessor (for sales-type, direct financing, and operating leases). Under ASU 2016-02, lessees will be required to recognize a lease liability and a right of use asset for all leases (with the exception of short-term leases) at the commencement date. ASU No. 2016-02 will be effective for fiscal year 2021, with early adoption permitted. At this time, the Company believes the most significant impact to the financial statements will relate to the recording of a right of use asset and lease liability associated with terminal facility leases. Other leases continue to be assessed for impact as it relates to ASU 2016-02. The Company does not currently intend to early adopt the standard.

In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (ASU 2016-01). ASU 2016-01 requires equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value, and separate presentation of financial assets and financial liabilities by measurement category and form of financial asset. ASU 2016-01 will be effective for fiscal year 2020, with early adoption prohibited, with exceptions for certain provisions. The Company has adopted the provisions available for early adoption, one of which allows the discontinuation of the fair value disclosures for financial instruments not measured at fair value by entities that are not public business entities. The Company is currently evaluating the impact the adoption of the remaining provisions of ASU 2016-01 will have on its consolidated financial statements and disclosure.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (ASU 2014-09). ASU 2014-09 affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets. Under ASU 2014-09, an entity will recognize revenue when it transfers promised goods or services to customers in an amount that reflects what it expects in exchange for the goods or services. ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date issued in August 2015 deferred the effective date to fiscal year 2020, with early adoption permitted beginning fiscal year 2018. The FASB also issued several additional ASUs during 2016 and 2017 which provide further clarification of ASU 2014-09. The Company is currently evaluating the impact the adoption of ASU 2014-09 and other related ASUs will have on its consolidated financial statements and disclosures.

There were no new accounting standards adopted by the Company during the current year that had a material impact on the Company’s financial condition, results of operations, or cash flows.

3.  Receivables, Net

Receivables, net, includes:

The Company’s revenue from the two largest customers for fiscal year 2018 and three largest customers for fiscal years 2017 and 2016 accounted for 35%, 62%, and 73% of total revenues, respectively. The Company’s receivables from the three and four largest customers accounted for 48% and 68% of total receivables at January 26, 2018, and January 27, 2017, respectively.

4.  Property and Equipment, Net

Property and equipment, net, includes:

Depreciation and amortization expense recognized on property and equipment amounted to $21,509, $14,949, and $13,408 for fiscal years 2018, 2017, and 2016, respectively.

5.  Investment in Joint Venture

During the year, the members of SSATLB unanimously approved a plan of dissolution for SSATLB with an effective date of April 28, 2017. Under the plan of dissolution, the members of SSATLB delegated authority to the Company to satisfy the liabilities of SSATLB, distribute its remaining assets, and dissolve the corporate entity. The final distributions and dissolution are expected to occur in the next fiscal year. Net amounts related to the distributions received during fiscal year 2018 are as follows:

Summarized financial information from the financial statements of SSATLB through April 28, 2017, is as follows:

6.  Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities includes:

7.  Due To/From SSA

The Company has a noninterest-bearing balance with SSA for services rendered under the Admin and Vessel Planning Agreements and other reimbursable costs paid by each entity on the other’s behalf.

Fees from services rendered by SSA included in general and administrative expenses were $23,704, $16,494, and $12,531 for fiscal years 2018, 2017, and 2016, respectively.

8.  Related-Party Transactions

The Company provides labor and services, as well as equipment, parts, and other reimbursable costs to related parties. Additionally, the Company is a member of PierPass LLC, a company that collects a traffic mitigation fee at the Los Angeles County terminals. The fee is remitted back to the members based on revenue units moved by the members in the Los Angeles County area. The Company recognizes amounts collected or collectible as revenue when earned.

The Company’s revenue earned from the following related parties is as follows:

8.  Related-Party Transactions (continued)

The Company’s receivables from the following related parties are:

The Company purchased equipment from and sold equipment to related parties as follows:

Related parties provided other services included in general and administrative expenses as follows:

During a prior year, the Company and CST funded $13,140 to SSATS based upon their ratable ownership percentage in the form of a loan, the due date of which had been extended during the year to be repayable on or before December 31, 2018. The loan bears interest of 2.0% per annum and is payable upon maturity. On a consolidated basis, the loan from the Company is eliminated. The balance of $4,380 as of January 26, 2018, and January 27, 2017, owed to CST is recorded as a member loan, with accrued interest of $439 and $351 as of January 26, 2018, and January 27, 2017, respectively.

9.  Workers’ Compensation Insurance

The Company’s United States Longshore and Harbor Workers’ Compensation Act insurance has been provided by a licensed and authorized insurance company, which is majority owned by two trusts and minority owned by a limited partnership. The two trusts have common beneficiaries as the ultimate parent of SVI. The minority ownership in the insurance company also owns a minority interest in the ultimate parent of SVI. Included in the cost of revenues are premium expenses of $24,168, $21,750, and $17,406 for fiscal years 2018, 2017, and 2016, respectively. Premiums payable included in accounts payable and accrued liabilities were $1,909 and $1,757 at January 26, 2018, and January 27, 2017, respectively.

10.  Claims and Other

Claims and other includes the following:

The Company maintains insurance coverage for all third-party bodily injury claims, third-party property damage, and personal property claims. For each claim recorded in excess of the respective deductible, a corresponding receivable is recorded for the portion that will be reimbursed through insurance coverage.

11.  Postretirement Benefits

Postretirement benefits include pension and other postretirement benefits as follows:

11.  Postretirement Benefits (continued)

Pension Plans

Pension expense for all plans the Company contributes to is as follows:

Multiemployer Defined Benefit Plans

The Company contributes to several multiemployer defined benefit plans for certain employees covered by collective bargaining agreements, the largest of which covers employees from the International Longshore and Warehouse Union (ILWU).

The Company’s participation in multiemployer defined benefit plans is outlined in the table below. The most recent Pension Protection Act zone status available in 2018 is for the plans’ year ended 2016. The zone status is based on information that the Company received from the plans, and is certified by the plans’ actuary. Among other factors, plans in the red zone are generally less than 65% funded, plans in the yellow zone are less than 80% funded, and plans in the green zone are at least 80% funded and do not require a financial improvement plan (FIP) or rehabilitation plan (RP). The Company provided more than 5% of total plan contributions for the plan years ended 2016, 2015, and 2014 for the ILWU-PMA Pension Plan and Automotive Industries Pension Plans, and the Automotive Machinists Pension Trust for the plan year ended 2016, as reported in each plan’s Forms 5500.

11.  Postretirement Benefits (continued)