Container volumes at Port Houston dipped in August in comparison with document ranges of 2022
Loaded export volumes at Port Houston are up 10% year-to-date, thanks largely to the ability’s 59% share of the nation’s total move of resin exports, whereas loaded import volumes are down 7% year-to-date, main mixed loaded quantity to be flat for the 12 months.
Port officers immediately mentioned that total container volumes at Port Houston declined in August in comparison with final 12 months, pushed by a pointy drop in empty container quantity. 12 months-to-date empty container quantity is down 17% attributable to a comparatively balanced market of import and export demand.
In August, Port Houston dealt with 307,624 twenty-foot equal models (TEUs) total, a 20% lower in comparison with the identical month final 12 months in a dip that was anticipated as a result of August of 2022 was the largest month ever at Port Houston for container quantity. Likewise, whole 2023 container volumes to this point have surpassed 2.5 million TEUs via August, reaching 2,510,162 TEUs and down simply 4% in comparison with final 12 months.
“After a document 12 months in 2022, we had been ready to see a slight dip in import masses and export empty containers this 12 months,” Roger Guenther, govt director at Port Houston, mentioned in a launch. “That mentioned, we all know the outlook is vibrant. The Texas financial system is the 8th largest on the earth and Port Houston is a crucial gateway to hundreds of thousands of shoppers. We’re making certain the fluidity of this gateway for the longer term by investing now in key infrastructure enhancements.”
