Port Houston Executive Director Roger Guenther: “Port Houston’s fundamentals remain solid.”
Port Houston’s container task in August neared 2019’s document quantity degrees for the very first time because the effects of the COVID-19 pandemic. In the month of August, the port took care of 248,630 TEUs, just 4% much less than August of 2019 when a total amount of 259,110 TEUs were managed. This likewise shows a 5.9% gain over July of this year, when Port Houston took care of 234,737 TEUs.
In truth, August reveals a substantial rise in container quantity as contrasted to the previous numerous months. Declines in March via July varied from 10% via 16%.
“We are hopeful for a strong rebound in the fourth quarter, and that this is the beginning of continued growth in our container TEUs,” claimedPort Houston Executive Director Roger Guenther “Import containers have been strong and we’ve seen a large number of extra loaders this peak season as retailers in our region replenish inventories, and those extra loaders have helped balance the impact of blank sailings.”
“As we look ahead, we are ready for future growth,” Guenther claimed. “Port Houston’s fundamentals remain solid, there’s been strong activity in construction and expansion of ecommerce distribution centers that support imports and also resin packaging capacity to support exports. For example, this summer, Frontier Logistics completed a half million square foot, rail-served warehouse adjacent to Barbours Cut Container terminal, which is another boost to our regional manufacturing base.”
Total tonnage at Port Houston in the month of August was down 7%, with steel, breakbulk freight as well as cars all down contrasted to August of in 2014, although grain as well as mass freight once more revealed rises, as they carried out in previous months.
For the initial 6 months of this year, container TEUs at Port Houston, the 6th biggest container port in the UNITED STATE, decreased simply 2.3% contrasted to the exact same duration in 2014, according to Port Houston documents. Data from PIERS, a leading supplier of import/export information, suggested that Port Houston had the tiniest decrease of the leading 10 container ports in the United States.
“Houston has faced a number of challenges over the years,” claimedGuenther “Whether it’s a hurricane, a recession, or a pandemic, our region is resilient. We have always emerged strong and I feel confident that this time will be no different.”
