In his monthly report Wednesday, Port of Houston, Texas Executive Director Len Waterworth said that container tonnage through June is up by 9 percent, and net operating income is ahead of budget by $10 million.
Total tonnage at Port Authority facilities for the month of June was 3 million tons, up 4 percent over the prior year, led by container growth. Year-to-date total tonnage of 18 million tons is up 3 percent. Container tonnage is up 10 percent in June, led by Barbours Cut Container Terminal, which is up 10 percent, and up 9 percent year-to-date, at 10 million tons.
Bulk cargo, which includes products such as coal and steel, is up by 23 percent at 900,000 tons. Year-to-date, bulk cargo is 5 million tons, up 16 percent.
Year to date, the Port Authority has realized $21 million in net income, up $1 million or 6 percent, with higher grant funding receipts received thus far in the year. Total cash flow of $51 million is up by $3 million or 7 percent so far this year.