Freight News, Sea

Port of Beaumont Marks Record Year in Revenue and Cargo Volume

[ January 8, 2020   //   ]

For the first time in the Port of Beaumont’s 103-year history, more than 6.5 million tons of cargo passed through the facility’s eight terminals and operating revenues exceeded $24 million, shattering previously held tonnage and revenue records.

Starting in Fall 2019, the Port will be ramping up infrastructure, resiliency and security improvement projects that will help sustain the level of growth experienced over the last several years. The Port closed out FY 2018-2019 with operating revenues exceeding $24 million, a 42% increase over the previous year. Tonnage, or cargo volume, increased more than 71 percent, and almost every cargo segment has seen double digit growth year-over-year.

“This banner year is attributed to several things; a strong Port team including commissioners and staff, a forward-thinking approach to infrastructure development, a favorable market, and a commitment to being good stewards of public funds,” says Port Director Chris Fisher. “The Port of Beaumont has identified more than $458 million in projects that we are working toward completing as part of our Capital Improvement Program. Our top priorities have always been fiscal responsibility, job creation, and economic growth and we are proud see our efforts paying off.”