Port Houston Blog

Strong Year-End Results Delivered by Port Houston

Posted by Port Houston on Feb 11, 2019 4:59:16 PM

PC meeting photo

Caption: Port Chairman Janiece Longoria presiding over her last Port Commission meeting in January. 

Year-end results for 2018 show that Port Houston’s business continues to be solid, with records set in some areas.

“With the leadership and guidance of our Commission, our port continues to prosper,” Port Houston Executive Director Roger Guenther said in delivering his 2018 year-end report to the Port Commission Jan. 29.

Highlighting a host of achievements for 2018, Guenther announced that several records were broken, including total tonnage at Port Houston facilities, which hit 35.7 million tons. That reflected an increase of 9 percent from 2017.

“The strength of cargo activity helped drive operating revenue to $366 million for the year, shattering the previous record set in 2017 of $333 million,” Guenther said. Combined business through the port’s public facilities generated a total cash flow of $162 million, surpassing the previous record set in 2017 of $151 million.

“Cash generated from operations is critical to funding capital projects that support the port’s strategic objectives, including job creation and regional prosperity,” Guenther said.

Container twenty-foot equivalent units increased 10 percent to 2.7 million, a new record for the port.

“The increased volume was driven by solid growth in both import and export loaded boxes,” said Guenther. “This activity has created a balance of imports to exports for the year of 50/50 import to export, which keeps us well-positioned for growth in the coming years.” Steel tonnage recorded 4.4 million tons, a growth of 21 percent from 2017.

Topics: maritime, ports, Houston, shipping, cargo, operations

WELCOME TO THE PORT HOUSTON BLOG! THIS IS A WEEKLY BLOG FEATURING CURRENT ISSUES AND BUSINESS DEVELOPMENTS WITHIN THE HOUSTON SHIP CHANNEL NETWORK. 

FOLLOW US ON SOCIAL MEDIA.

GET MORE #PORTHOU UPDATES:

    

Subscribe to the Blog!

Recent Posts

Posts by Topic

see all