HOUSTON-The Port of Houston Authority's earnings information from July 2013, showed another record revenue month. Specifically, July's operating revenue of $21 million surpassed July 2012's performance by $1.4 million or 7%.
PHA's executive director Len Waterworth also reported the following:
- Year-to-date revenue of $135 million was a 4% increase (or $6 million) from the same time the year before.
- July 2013's net income of $4 million represented a year-over-year increase of 47%, while year-to-date revenue of $25 million is an increase of 11%.
- July tonnage of 3 million is a 4% increase over the previous year, while the year-to-date total of 21 million tons represents a 3% increase from the same time last year.
The report also points out that principal drivers for these earnings included a 21% increase in bulk exports for the month, an 8% increase in container tonnage for the year and a 17% increase in bulk commodities.
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