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PORT Houston terminals handled 1.54 million TEU through May 2023, down 2 per cent compared to the record-breaking volumes of 2022.
Like markets around the country, import volumes in Houston continue to soften. In May, the Port handled 139,745 TEU in loaded imports, a 12 per cent reduction from last year but still the second-highest May import volumes in Port Houston's history following last May's record year. Year-to-date imports at Port Houston are down by 3 per cent, totalling 781,655 TEU thus far.
Despite the dip in import volume, Port Houston continues to see growth in loaded exports. Up 3 per cent in May compared to last May, loaded export volumes have reached 569,502 TEU year to date, a 14 per cent increase from the same period last year. Strong exports through Port Houston are expected to continue, due in large part to the continued high demand for resin exports. In fact, Port Houston is the number one resins port in the nation.
US export manufacturers and retail importers have new options to access their international markets. Recently, both Union Pacific Railroad and BNSF Railway announced new intermodal container services at Port Houston. Union Pacific Railroad began on-dock rail service on June 1 to support five key markets, including Denver, Salt Lake City, Oakland, Los Angeles, and El Paso. On June 2, BNSF Railway began rail service to the Greater Dallas/Fort Worth and Denver markets.
"The addition of rail service offers an exciting intermodal option to our customers," said Roger Guenther, executive director at Port Houston. "Port Houston is a Top Five container port and growing fast. These rail options help ensure efficient movement of goods and open up new markets."
At Port Houston's multipurpose facilities, steel products like standard rails and oil country tubular goods are up for the year so far, though overall steel imports are down 14 per cent year to date, totalling slightly over 2 million tonnes. Auto imports, on the other hand, are up 48 per cent year to date. Total tonnage through all Port Houston facilities is down just 2 per cent through May, reports AJOT.
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