Container handling through Port Houston increased by 10% on a year earlier in June, the 11th month of growth out of 12. Imports of loaded containers jumped 25% to a new record, far outpacing the 4% growth in exports. That supports evidence from California’s ports that the U.S. trade deficit may increase once more. Panjiva data shows the import growth was driven by traffic from Asia, with shipments from China climbing 36% vs. a 15% increase from Europe and 7% from Mexico. That would suggest the port continues to benefit from the Panama Canal widening. Dredging work at the port may help fu...
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