Houston, TX – The Port of Houston handled more steel shipments in July than in any month since 2008 as 844,000 tons of the product were handled at the port, according to Executive Director Roger Guenther.
Addressing the most recent meeting of the Port Commission of the Port of Houston Authority (PHA), Guenther also noted that the port had achieved a record with operating revenues in July 2014 of more than $24 million.
Steel and bulk cargo grew by “a solid 5 percent” in July, he said, adding that more than 22 million tons of cargo moved across PHA docks during the first seven months of the year.
Container volume was relatively flat compared to last year, but recorded a four percent increase in the number of loaded boxes year to date.
This was offset, Guenther said, “by a reduced number of empty containers being imported through PHA terminals due to an increase in loaded imports.”
Combining the strength in revenues and controlled spending, PHA has generated more than $65 million in operating cash flow for the year, a growth of 5 percent, he reported.
Following the first two quarters of 2014, the PHA said that it’s prepared a “re-forecast budget” for the remainder of the year, reflecting a $5.8 million increase in annual operating revenue, a decrease of $2.1 million in annual operating expense.
“This revenue generated will be reinvested in the infrastructure assets needed to increase capacity and provide for increased economic activity and job growth for the region,” said Guenther.