Container volumes grew 18% year-to-date at Port Houston's terminals, passing the 3m mark at 3.33m teu and in October box volumes returned to double-digit growth, continuing the trend seen throughout 2022, with an increase of 13% compared to October 2021.
Loaded container teu reached the highest volume ever and increased 21% compared to the same month last year.
"Although import demand in the US appears to be slowing, we have not seen any slowdown in Houston in recent months. We are handling record amounts of cargo and remain focused on aggressive infrastructure development to optimise capacity and efficiently handle current and future demand through our port," said Roger Guenther, Chief Executive Officer of Port Houston.
One change that was announced last month is the addition of new dwell rates. A sustained import dwell rate is expected to be implemented early next year to address long-term container dwell levels.
"The additional dwell rates are intended to minimise container storage at the terminal. Boxes must move quickly through the terminal to maintain a fluid environment and a superior level of service for our customers," Guenther said.
Total tonnage at Port Houston grew 18% in October and 25% for first ten months of 2022, compared to last year.
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