Skip to content
Search AI Powered

Latest Stories

Port Houston passes 2 million TEUs in first half of 2024

Growing port has acquired 26 new rubber-tired gantry cranes in past eight months.

houston Screenshot 2024-07-30 at 2.24.56 PM.png

Port Houston, the fifth-largest container port in the nation, has surpassed the two million twenty foot equivalent (TEU) mark faster than ever, saying Monday that it had handled 2,098,117 TEUs among its terminals through the first six months of the year.

That pace represents a double-digit increase of 13% year-to-date, compared to the first half of last year. And for June specifically, 339,157 TEUs were managed at the Port's facilities, reflecting a 7% increase compared to June 2023.


To handle that hot growth, the port has acquired 26 new rubber-tired gantry (RTG) cranes since December 2023, including six additional hybrid-electric RTGs this June. Additionally, by the end of this year, 15,000-TEU-class neo-Panamax vessels will be able to berth at Bayport as the Port continues to make progress on its Houston Ship Channel Expansion, widely known as Project 11.

“Houston's robust economy plays a pivotal role in the success of our container terminals. The city's dynamic economic landscape, driven by diverse industries such as energy, manufacturing, technology, and population growth fosters increased consumer demand and industrial activity,” Roger Guenther, executive director at Port Houston, said in a release. “Port Houston is responding to the needs of the region by ensuring infrastructure is in place to receive cargo and prepare for future growth.”

 

 

 

The Latest

More Stories

legal scales and gavel

FMCSA rule would require greater broker transparency

A move by federal regulators to reinforce requirements for broker transparency in freight transactions is stirring debate among transportation groups, after the Federal Motor Carrier Safety Administration (FMCSA) published a “notice of proposed rulemaking” this week.

According to FMCSA, its draft rule would strive to make broker transparency more common, requiring greater sharing of the material information necessary for transportation industry parties to make informed business decisions and to support the efficient resolution of disputes.

Keep ReadingShow less

Featured

chart of trucking conditions

FTR: Trucking sector outlook is bright for a two-year horizon

The trucking freight market is still on course to rebound from a two-year recession despite stumbling in September, according to the latest assessment by transportation industry analysis group FTR.

Bloomington, Indiana-based FTR said its Trucking Conditions Index declined in September to -2.47 from -1.39 in August as weakness in the principal freight dynamics – freight rates, utilization, and volume – offset lower fuel costs and slightly less unfavorable financing costs.

Keep ReadingShow less
chart of robot use in factories by country

Global robot density in factories has doubled in 7 years

Global robot density in factories has doubled in seven years, according to the “World Robotics 2024 report,” presented by the International Federation of Robotics (IFR).

Specifically, the new global average robot density has reached a record 162 units per 10,000 employees in 2023, which is more than double the mark of 74 units measured seven years ago.

Keep ReadingShow less
person using AI at a laptop

Gartner: GenAI set to impact procurement processes

Progress in generative AI (GenAI) is poised to impact business procurement processes through advancements in three areas—agentic reasoning, multimodality, and AI agents—according to Gartner Inc.

Those functions will redefine how procurement operates and significantly impact the agendas of chief procurement officers (CPOs). And 72% of procurement leaders are already prioritizing the integration of GenAI into their strategies, thus highlighting the recognition of its potential to drive significant improvements in efficiency and effectiveness, Gartner found in a survey conducted in July, 2024, with 258 global respondents.

Keep ReadingShow less
Report: SMEs hopeful ahead of holiday peak

Report: SMEs hopeful ahead of holiday peak

Businesses are cautiously optimistic as peak holiday shipping season draws near, with many anticipating year-over-year sales increases as they continue to battle challenging supply chain conditions.

That’s according to the DHL 2024 Peak Season Shipping Survey, released today by express shipping service provider DHL Express U.S. The company surveyed small and medium-sized enterprises (SMEs) to gauge their holiday business outlook compared to last year and found that a mix of optimism and “strategic caution” prevail ahead of this year’s peak.

Keep ReadingShow less