Colliers International names Port of Houston the GDP (Gulf's Darn Profitable) Port
From Colliers International:
What can be said about the Port of Houston that we haven't already said? Not only is it Colliers' view that it's the "Most Irreplaceable Port" in North America, it's proven to be quite profitable. In July, the Port of Houston generated $21 million in operating revenue, a 7 percent increase over the same period in 2012. So far in 2013, operating revenue is up 4 percent, year over year. Net income in July rose by 47 percent, year over year, to $4 million. In this year-end report, we honor the port of Houston with the "GDP (Gulf's Darn Profitable)" award. This latest recognition should not be taken lightly when one notes the unfolding events at the port of Long Beach: It takes more than great physical facilities and deep water to be a great port; it takes a great port director and board of directors. Houston has both.