Freeport, Horizon Terminal Services to expand acreage

A 20-acre tract will be added to the lease holdings between the port and Horizon, which opened a 70,000-square-foot vehicle-processing building at Port Freeport in 2015.

Freeport, Horizon Terminal Services to expand acreage

A 20-acre tract will be added to the lease holdings between the port and Horizon, which opened a 70,000-square-foot vehicle-processing building at Port Freeport in 2015.

Freeport, Horizon Terminal Services to expand acreage

A 20-acre tract will be added to the lease holdings between the port and Horizon, which opened a 70,000-square-foot vehicle-processing building at Port Freeport in 2015.

 

   Port Freeport and Horizon Terminal Services (HTS) signed an agreement last week to add a 20-acre tract to their current lease holdings to accommodate additional automobiles and ro/ro cargo, the port announced Friday.
    The agreement will add acreage to the 60 acres HTS, a private automotive marine terminal, processor and logistics management company, currently leases at the Texas port. It will utilize the new acreage as a staging area for receiving and delivering of all cargoes with a main focus on OEM imports, Jason Miura, director of business and economic development at Port Freeport, told American Shipper via email Monday.
    The new tract, which has an approximately 12-month construction timetable and is expected to increase total OEM yearly capacity by 100,000 units, is adjacent to the port's import truck away yard and the new rail tracks and yard that Port Freeport is completing construction on this month, Miura said.
    HTS opened a 70,000-square-foot vehicle-processing building at the port in 2015 for the import and export of vehicles and heavy construction equipment.

   The Port of Freeport handled nearly 70,000 vehicles in 2018, 90% of which were new vehicles, a 40% increase over the previous year, the port said.
    “The port commission is pleased that Horizon Terminal Services is expanding their operations at Port Freeport,” Port Chairman Paul Kresta said in a statement. “Positioning themselves for continued growth is positive for the port and will lead to more job opportunities for the area. We look forward to our continued partnership with HTS.”
    The Texas port’s commissioners voted May 16 to accept the 2019 Economic Impact Analysis performed by Texas A&M Transportation Institute and based on 2017 data. It revealed a statewide impact of 150,651 jobs, federal tax revenues of $3.2 billion and a total economic output of $98.8 billion, which was double the output reported in the previous analysis performed in 2016, according to the port.
    Nationally, the Port of Freeport’s impact on the U.S. economy is 279,780 jobs, federal tax revenue of $5.4 billion and a total economic impact of $149 billion. Its 2017 exports eclipsed $1.48 billion, a 58% increase over the previous year, the port said.

When a port authority opens the door for a long-term agreement with a terminal operator, long-term investment and infrastructure development can follow in earnest under that model.

Average container vessel size on the Asia to North Europe trade actually shrank between May 2018 and May 2019, falling from 14,253 TEUs to 13,808 TEUs, although total container vessel count on the trade rose from 219 to 229, according to BlueWater Reporting’s Capacity Report.

Most Popular
Latest News
Social Media

Loading...

Belgium launches digital customs platform

Belgium launches digital customs platform

Embed this story

Share Code Version 1

This version will embed the story headline and includes HTML fallback protection, ensuring the story will display even if some users decide to disable javascript in their browsers.

Copy & Paste the following code to embed this story on your website:

Preview

Freeport, Horizon Terminal Services to expand acreage

A 20-acre tract will be added to the lease holdings between the port and Horizon, which opened a 70,000-square-foot vehicle-processing building at Port Freeport in 2015.

Jun 03, 2019 on Dec 27, 2018AmericanShipper.com

Share Code Version 2

This version will embed the story headline without any styling applied. Use this version if you will use your own custom styling on your website. This version also includes HTML fallback protection.

Copy & Paste the following code to embed this story on your website:

Preview

Freeport, Horizon Terminal Services to expand acreage

A 20-acre tract will be added to the lease holdings between the port and Horizon, which opened a 70,000-square-foot vehicle-processing building at Port Freeport in 2015.

Jun 03, 2019 on Dec 27, 2018AmericanShipper.com