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 Economic Development News 
Tuesday, December 20 2016
GPA marks 6.5 percent November growth

Photo Caption: The Port of Savannah moved 300,671 twenty-foot equivalent container units in November. (Georgia Ports Authority / Stephen B. Morton)

Export, import loads see double-digit improvement

Savannah, GA -- Fueled by a strengthening export market and a busy peak holiday season, the Georgia Ports Authority reported for the month of November a 6.5 percent increase in total container traffic.

"Last month capped an active peak season, with November import and export cargo growing significantly," said GPA Executive Director Griff Lynch.

The Port of Savannah moved 167,333 containers, an improvement of 10,210 over November 2015.

"An increasing demand for America's exports abroad and strong consumer confidence here at home are helping to boost cargo throughput," Lynch said.

Measured in loaded containers, an indicator of overall economic strength, total trade increased 11 percent in November. For the month, the Port of Savannah handled 246,877 loaded twenty-foot equivalent container units, a record. Loaded export TEUs totaled 107,145, an increase of approximately 10 percent, or 9,603 TEUs. Import loads grew by 12 percent, to reach 139,732 TEUs.

From September through November, the GPA moved nearly 920,000 total TEUs.

Total cargo across all GPA terminals in November reached 2.55 million tons, an increase of 2 percent, or 46,000 tons. Of that figure, container tons totaled 2.25 million tons, with breakbulk at 198,596 tons and bulk cargo totaling 100,802 tons.

"Georgia's ports are a vital link to global trade for American manufacturing and agricultural products," said GPA Board Chairman Jimmy Allgood. "Speed, efficiency and reach are the factors that are leading more port users to choose our deepwater terminals to serve customers worldwide."

Find print-quality images of port operations here. Georgia's deepwater ports and inland barge terminals support more than 369,000 jobs throughout the state annually and contribute $20.4 billion in income, $84.1 billion in revenue and $2.3 billion in state and local taxes to Georgia's economy. The Port of Savannah handled 8.2 percent of the U.S. containerized cargo volume and 10.3 percent of all U.S. containerized exports in CY2015.

For more information, contact GPA's Senior Director of Corporate Communications Robert Morris at (912) 964-3855 or rmorris@gaports.com. Visit the GPA web site at www.gaports.com.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 09:47 am   |  Permalink   |  Email

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