A booming economy, strong consumer confidence and an expanding customer base have resulted in record trade through the Port of Savannah, said Georgia Ports Authority Executive Director Griff Lynch.
Our ports continue to add and grow cargo volumes, creating jobs across Georgia and the Southeast. I would like to personally thank our many customers who rely on the GPA to connect them to the global logistics chain,
...said GPA Board Chairman Jimmy Allgood.
Intermodal rail cargo grew by 8.7% for the month, compared to October 2017. For the fiscal year to date, the Port of Savannah has handled 172,416 containers by rail, an increase of 33,596, or 24% compared to the same period a year ago. The port is currently in the process of doubling rail lift capacity to 1 million lifts per year to expand market reach, added Mr. Lynch.
Key points
- The Port of Savannah’s Ocean Terminal increased trade in breakbulk cargo in October.
- Growth of 25.8% brought the total to 126,165 tons of commodities ranging from autos and machinery, to rubber, steel and lumber.
- Overall containerized volumes in October grew by 4,000 TEUs, or 1%, compared to the same month last year, and by 13.6% (49,600 TEUs) compared to September 2018.
- Georgia’s deepwater ports and inland barge terminals support more than 439,000 jobs throughout the state annually and contribute $25 billion in income, $106 billion in revenue and $2.9 billion in state and local taxes to Georgia’s economy.
- The Port of Savannah handled 8.5% of US containerized cargo volume and 10 % of all US containerized exports in FY2017.
