Houston Heads Higher as Mexico and China Bring Diverging Trends — Panjiva


Houston Heads Higher as Mexico and China Bring Diverging Trends

China 1758 Corp - Ports 661 Corp - Shipping 608 Mexico 505 Mode - Containerized 1005 Mode - Seaborne 1273 U.S. 3297

The Port of Houston saw a fifth straight improvement in container handling in June with a 5% rise on a year earlier. Exports were the main contributor with a 17% rise, while imports increased by just 1%. That was the slowest rate in over two years and was down to a 12% drop in shipments from Mexico offsetting a 9% rise from China. The latter may reverse as duties are implemented against Chinese exports. The drop in handling from Mexico should also turnaround. Last year was unusually strong shown by a 30% slump in handling by Maersk and 23% for Hapag-Lloyd (the two largest container-lines...

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