Vol. 5, No. 2, July 2020
Growing Forward

Establishing Financial Excellence
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.

New Port Directory Now Available

The newest edition of the Port of Brownsville's award winning directory is available now!

You can read the full digital version on our  website , or follow the link to request a free mail-in copy.

The Port of Brownsville moves more steel into Mexico than any other U.S. port. Monterrey, a major manufacturing center with multiple steel mills and auto manufacturing plants, is just 200 miles due west of the port - 109 miles closer than the nearest Mexican port.
Big River Steel Prioritizes Port for Second Mill
Editor's Note: This article was originally featured in www.amm.com
Big River Steel plans to double capacity at its new mill in Osceola, Arkansas, before the end of this year and is pressing ahead with a second mill that is increasingly likely to land in Brownsville, Texas, Big River chief executive officer David Stickler told Fastmarkets in June.

Big River Steel is moving ahead with plans to build a second mill that would increase its capacity to 7.5 million tons per year, said Stickler.

The company in 2018 first optioned land at the Port of Brownsville for a flat-rolled steel mill.

"Every day that passes, the likelihood that Brownsville is the selected site is that much greater. We still have alternative sites under consideration. But we have spent the last 18 months or so really focused on Brownsville, and a lot of that effort is coming to fruition now," Stickler said.
Steel Business Solid at the Port
Brownsville Finalist for Port Provider of the Year Award
The Port of Brownsville has been named a finalist in the Logistics/Transportation Provider of the Year 
category for Fastmarkets’ Global Awards for Steel Excellence, one of the most prestigious and recognizable awards program for the global steel industry.
 
According to Fastmarkets, the awards recognize world-class innovation and excellence in steel and related industries among companies throughout the steel supply chain and key partners to the industry. Firms that are finalists and winners have demonstrated best practices to achieve outstanding results. They embody best-in-class practices as measured by global standards.
 
Ranking among the top U.S. steel ports, the Port of Brownsville moves more steel into Mexico than any other domestic competitor. In 2018, the port moved 3.2 million short tons of steel across the southern border.
 
Winners will be announced during the 11th Annual Fastmarkets Global Awards for Steel Excellence Virtual Ceremony July 23, 2020.
Port Garners Pair of Gold Awards
In April, the Port of Brownsville was recognized with a pair of Gold Hermes Creative Awards for its Western Hemisphere Ports Day campaign and its Mexico Made Easy ad campaign.

The Western Hemisphere Ports Day campaign won in the PR/Communications- Newspaper Placement category. The campaign consisted of a full page ad and an editorial column featured in AIM Media’s three main publications in the Rio Grande Valley. The editorial and ad were published April 5, 2020.

The second campaign, called Mexico Made Easy, was honored in the Print Media-Magazine Ad category. Port marketing staff developed a full page ad for trade advertising currently being featured in multiple industry publications.

The port also received Honorable Mentions for the 2 019 Port of Brownsville Directory in the print media category as well as the 2019 Port of Brownsville Infrastructure Improvements video in the electronic media category.

The Hermes Creative Awards is an international competition honoring creative professionals involved in the concept, writing, and design of traditional and emerging media. The award recognizes companies and organizations whose talent exceeds a high standard of excellence and whose work serves as a benchmark for their respective industries.
BROWNSVILLE NAVIGATION DISTRICT COMMISSIONERS

Chairman

Vice-Chairman

Secretary

Commissioner

Commissioner
PORT OF BROWNSVILLE ADMINISTRATION

Port Director & CEO


Contact Us:
Ph:  956.831.4592 / 800.378.5395
Fax:  956.831.5006
CALENDAR
July 15
BND Board Meeting- Cancelled

Tax Day (Federal and state tax-filing deadline)

July 23

August 5  
BND Board Meeting 
 
August 19  
BND Board Meeting  
Texas Benefits from New USMCA
Editor's Note: This article was originally featured at www.dallasnews.com. Click on the link to read the complete article.
The new U.S.-Mexico-Canada Agreement came into force July 1, summing up all the changes made to the North American Free Trade Agreement.

U.S. exports to Mexico totaled $300 billion in 2018, while imports from Mexico amounted to $372 billion.
That same year, the U.S. exported $364 billion in goods to Canada while buying $354 billion in products from that country.

Texas is one of Mexico’s biggest trading partners, sending computers and electronics; oil, gas and coal; chemicals; metals, and plastics and rubber across the border. The Lone Star State exported $109 billion in goods to Mexico and $27 billion to Canada.
BND Board
Meeting Cancelled

Following the guidance and recommendations from federal, state and local health officials amid concerns associated with the COVID-19 pandemic, the Brownsville Navigation District Board of Commissioners meeting scheduled for July 15, 2020, has been cancelled. This decision has been taken in an effort to minimize the risk and exposure for our community and staff.

Updates will be provided regarding the postponement or rescheduling of future board meetings to the residents of the navigation district as they become available.


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