Editor’s Note: This article is featured in the new edition of the Port of Brownsville Directory.
With operating revenue records in five of the last six years, it’s now more likely and achievable for the Port of Brownsville to make significantly large infrastructure investments – even during trying fiscal decelerations.
Growing the port has never been more important. Doing it with thoughtful and strategic planning is a deliberate path forward set by the Brownsville Navigation District Commission to protect the interests of port tenants and users, constituents and port assets. To grow requires reliable and recurring revenue. It takes money and planning.
In FY 2019, the port set an all-time annual revenue record of $25 million, topping 2018’s high watermark of $24.2 million.
Record revenues are one thing, but according to a recent study by Moody’s Investors Service, the Port of Brownsville ranks third among all ports surveyed for strong financial resilience.
The Moody’s analysis evaluated U.S. ports on a range of key factors surrounding financial responsibility like the ability to handle the impacts of a significant decline in cargo volume, financial liquidity and debt service coverage ratio. Weighing these important factors, the analysis ranks the Port of Brownsville among the most stable in the nation and better able to weather today’s unique economic challenges.