Port of Houston $21M revenue sets record

HOUSTON – The Port of Houston Authority’s operating revenue of $21 million for July 2013 surpassed July 2012’s performance by $1.4 million or 7 percent.

Year-to-date revenue of $135 million was a 4 percent increase, or $6 million, from the same time in 2012.

July 2013’s net income of $4 million represented a year-over-year increase of 47 percent, while year-to-date revenue of $25 million is an increase of 11 percent.

July 2013 tonnage of 3 million is a 4 percent increase over 2012, while the year-to-date total of 21 million tons represents a 3 percent increase from the same time in 2012.

Principal drivers for these earnings included a 21 percent increase in bulk exports for July 2013, an 8 percent increase in container tonnage for the year and a 17 percent increase in bulk commodities.

Len Waterworth, Port of Houston Authority executive director, reported the data.

Read more at GlobeSt.com.

For the full report, see "Port of Houston Economic Impact" under Houston’s Market Data Sources.