General cargoes at Port Authority facilities increased 4 percent for 2012.
Year-to-date operating expenses are down by 3 percent. Year-to-date Port Authority revenues of $223 million reflect an increase of 9 percent over 2011, led by container revenues, steel tonnage and dredge disposal fees. Year-to-date net operating income of $22 million is 112 percent above prior year.
Highlighting 2012 records, Executive Director Len Waterworth cited container tonnage of 18.5 million tons; 1.2 million container units; 1.9 million TEUs; 8,395 vessel calls at Port of Houston docks; $223 million in operating revenue; $167 million in container revenues; and cash flow of $90 million, which will be used for the Port Authority’s ongoing capital investment program