Port Houston Releases Houston Ship Channel Economic Impact Study
Retrieved on:
Thursday, May 25, 2023
Maritime, Transport, Logistics, Supply Chain Management, Other Transport, TEU, United States Army Corps of Engineers, Engineer, Multimedia, Corps, Peter Martin Associates, Lancaster Port Commission, International Longshoremen's Association, Associate, U.S. Coast Guard environmental protection, Bayport Terminal, Growth, Container, Harbor, Intermodal freight transport, Mobile phone, Drug, Port Houston, Houston Ship Channel
During the regular meeting of Port Commission of the Port of Houston Authority on Tuesday, Port Houston Chairman Ric Campo announced the results of the latest study of the economic impact of the Houston Ship Channel and Port Houston.
Key Points:
- During the regular meeting of Port Commission of the Port of Houston Authority on Tuesday, Port Houston Chairman Ric Campo announced the results of the latest study of the economic impact of the Houston Ship Channel and Port Houston.
- Results from the John Martin Associates study showed that in 2022, the Houston Ship Channel generated $906 billion of economic value to the U.S., representing a 13% increase since 2018, when the study was last conducted.
- Marine cargo activity at the Houston Ship Channel terminals generated $439 billion of economic value for the state of Texas.
- In 2022, the Houston Ship Channel and its terminals also supported 3.4 million jobs across the nation, including 1.5 million Texas jobs.