Port of Houston Executive Director Len Waterworth reported that tonnage is up this year at the Port of Houston Authority, with container tonnage up by 9 percent. Also in his monthly report, Waterworth said that total tonnage at Port Authority facilities for the month of May was 3 million tons, up 10 percent over the prior year, led by container growth at Barbours Cut, in particular. Year-to-date total tonnage of 15 million tons is up 3 percent. Container tonnage is up 10 percent in May and up 9 percent year to date, at 8 million tons.
Waterworth said steel for the month of May is down 21 percent due primarily to declines in the drilling industry, which was at a peak in 2012. Year-to-date, steel is at 2 million tons. Bulk cargo is up by 37 percent at 1 million tons due in part to improved grain exports over the prior year. Year-to-date, bulk cargo is 4 million tons, up 14 percent.
Waterworth also reported that May operating revenue was at an all-time high of $20 million, up 4 percent or $800,000. This marked the first time in Port Authority history that operating revenue has exceeded $20 million. Year-to-date operating revenue of $96 million reflects a $4 million or 5 percent increase, again driven by strong container growth.
Year-to-date, the Port Authority has realized $21 million in net income, up $5 million or 34 percent, with higher contributions in aid of construction and grant funding receipts received thus far in the year.