Houston Port Authority announces record year in 2014 for both containers and steel

The Port of Houston Authority announced Tuesday that it had a record-setting year in 2014 for steel and container cargo.
In a report to the Port Commission of the Port of Houston Authority at its monthly meeting, Guenther said PHA’s terminals handled more than 37 million tons of cargo last year, which marked an increase of 5 percent compared to the previous year and also set a record.

A total of 6.6 million tons of steel crossed the Port Authority’s docks in 2014, breaking the previous record of 6.3 million tons. Container tonnage topped 19.4 million tons last year.

The strong showing in 2014 resulted in solid financial results for the Port Authority, with $261 million in operating revenue, $39 million in net operating income and $116 million in cash flow.

“These healthy results are vital to our continued success as we prepare for even greater growth and prosperity in the future,” Guenther said.

Plans call for a significant capital investment plan during the next five years that will include new and redevelopment projects totaling in excess of $1 billion.