| Texas is gaining what California is losing in more ways than just population. Port Houston’s container traffic in 2022, 4 million twenty-foot equivalent units, made it the fifth-busiest port in the U.S. by TEU volume, according to a new report from Savills. That's up from sixth-busiest in 2021. Houston also retained its No. 1 spot for waterborne tonnage volume. Now experts say industrial development needs to step it up to keep pace with the growth — if the region can keep most of the traffic redirected to the Gulf during last year's supply chain snarls. 
TEU volume increased 7.5% from 2012 to 2021. Then, “amid West Coast congestion and labor bottlenecks,” volume nearly doubled to 15.1% from 2021 to 2022, the report states.Container traffic dropped off slightly at the top of this year, raising the question of whether Houston will be able to retain the traffic it…  Read the full story here. | | |
