Port Authority Trade is Up
by: Andrew Schneider, June 10, 2011 1:06:00 am
Fuel oil and plastics were among the biggest drivers of U.S. exports in April. But petroleum products were far from the only Houston exports that gave a strong showing.
“Steel exports are up 100%. Most of that is going to the oil patch. It’s a lot of pipe. General cargo, which is just break bulk, or project cargoes, those cargoes that will not fit into a container, that is up 53%.”
Ricky Kunz is vice president for origination at the Port of Houston Authority. He says activity at the port authority is now approaching pre-recession levels.
“Our revenues reflect the same. They’re up about 16% over the corresponding year. So we’re feeling very good, and we’re hoping that this trend continues.”
U.S. exports hit an all-time high in April of nearly $176 billion.