Port Houston volume up nine percent year-over-year
Citing continued increases in tonnage, including resin exports, Port Houston Executive Director Roger Guenther provided a report of solid operating results to the Port Commission of the Port of Houston Authority, at its monthly meeting held Tuesday, the company said in its release. Total tonnage has increased by nine percent for the year, including an 11 percent increase in loaded container tonnage.
Total container twenty-foot equivalent units (TEUs) has grown 13 percent for the year, including year-over-year growth of 15 percent in April. Steel imports through all Port Authority facilities also show ongoing strength, growing 31 percent compared to the same period last year.
Guenther highlightedthe role ofresin exports inthese results. “The big driver of this growth is the much-anticipated surge in resin exports,” Guenther said.“It is here, and it is solid.”
Year-to-date, Port Houston’s resin exports grew 38 percent in total, and polyethylene exports increased an “astounding” 62 percent. I
About the Houston Ship Channel
In 2018, the Houston Ship Channel generated nearly $802billion in U.S. economic value, supported 3.2 million jobs, and provided $38 billion in tax revenue. In the state of Texas, it generated $339 billion in economic value, sustained 1.3 million jobs, and generated $5.6 billion in state and local tax revenue. The Houston Ship Channel is the 52-mile federal waterway and ishome to the greater Port of Houston’s more than 200 private and eight public terminalsand that it is considered the energy capital of the world. Its success is a partnership of the U.S. Coast Guard, the Houston Pilots Association, those private and public terminals, and the vessels that transit it every day.
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals of the greater Port of Houston –the nation’s largest port for the foreign waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S.