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 Economic Development News 
Tuesday, April 11 2017
Strong demand drives record growth

Photo Caption: The Georgia Ports Authority achieved 5.6 percent growth in twenty-foot equivalent container units at the Port of Savannah in March. At the Port of Brunswick, trade in autos and machinery grew by 22.5 percent for the month. Find print quality images here. (Georgia Ports Authority)

Gateway hubs plan regional response

Savannah, GA — The Georgia Ports Authority experienced strong growth in containerized, auto and breakbulk trade in March.
 
The Port of Savannah moved 311,770 twenty-foot equivalent units last month, an increase of 5.6 percent or 16,621 TEUs. Total tonnage across all terminals increased 9.8 percent (258,627 tons), moving 2.89 million tons for the busiest March ever in the Authority's history.
 
"Strong demand from retail and manufacturing customers -- both in the U.S. and abroad -- is driving growth in Savannah and Brunswick," said GPA Executive Director Griff Lynch. "As existing port users expand their trade through our terminals and new customers tap into Georgia's connectivity to major population centers across the Southeast, we expect to see additional job and economic development opportunities for our region."
 
In roll-on/roll-off cargo, the Port of Brunswick achieved growth of 22.5 percent, with Colonel's Island Terminal moving 56,580 units, up by 10,386 cars, trucks and tractors for the month. At GPA's autoport in Brunswick, 214 acres are in the design or development stages, bringing auto processing space to 547 acres. In addition to the land now being developed, the Authority plans to add another 510 acres on the island's south side to support auto processing. This will double the capacity for cars and heavy machinery in Brunswick.
 
Breakbulk cargo also saw double-digit growth for the month, reaching 232,601 tons, a 10.5 percent (22,034-ton) increase over March 2016. Strong categories included iron and steel, which grew 82 percent in total cargo (16,059 tons) to reach 35,598 tons. Forest products exported via Mayor's Point Terminal in Brunswick more than doubled from 5,347 tons in March 2016 to 11,337 tons last month.
 
The GPA's cargo report follows the U.S. Federal Maritime Commission's approval Friday of an agreement between the port authorities of Georgia and Virginia to share best practices and marketing efforts.
 
 "As our ports continue to experience record growth, it is more important than ever that Georgia and other gateway hubs begin to plan regionally for the future," said GPA Board Chairman Jimmy Allgood. "Cooperation between ports, with an eye toward maintaining world-class service, is a necessary part of today's marketplace. As gateways to global commerce for the U.S. East Coast, the ports of Georgia and Virginia are critical links to the nation's economy."

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 10:00 am   |  Permalink   |  Email

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