galveston-wharves

Galveston Wharves closes 2020 with positive cash flow

The Galveston Wharves ended 2020 with a positive cash flow despite the pandemic and the related suspension of the port’s cruise business. Officials attribute this to fewer expenses and success in generating additional revenues. In 2020 income from operations, grants and investments totaled $29 million, while expenses totaled just over $27 million, leaving Galveston Wharves with a positive cash flow of $2 million. This is important because the port is a ... [+]

Galveston Wharves: What to Anticipate in 2021

If 2020 taught us anything, it’s the importance of focusing on the things we can control and being adaptable. The Galveston Wharves board and staff did just that. As a result, its business has weathered the pandemic well. Estimated total cargo was 4.2 million tons, 6 % over 2019. That’s another ... [+]