Subscribe to our free, weekly email newsletter!


Record number of containers move through Port of Savannah

Best month ever in GPA’s history and continuing eight consecutive months of double-digit growth
By Patrick Burnson, Executive Editor
August 25, 2010

Georgia Ports Authority’s (GPA) Executive Director Curtis J. Foltz announced today that the GPA moved more than a quarter million TEUs (twenty-foot equivalent units) in July 2010, marking the best month ever in GPA’s history and continuing eight consecutive months of double-digit growth.

“We have set a new benchmark for monthly volume at the Port of Savannah by moving more than a quarter million TEUs in July,” said Foltz. “Our strategic planning has ensured that Georgia’s deepwater ports are poised to handle the growth demands necessary to advance economic development and opportunity. Even during the recessionary conditions experienced during the past two years, the GPA has continued to invest for the future to ensure growth can be handled more efficiently than ever.”

In July 2010, the GPA moved 251,126 TEUs, which is a 20.7-percent increase or an additional 43,040 TEUs compared with July 2009 volume. Overall tonnage for July 2010 totaled 2,203,587 tons, which was a gain of 15.6 percent or an additional 297,417 tons compared with July 2009.

“Global demand for vessel space and equipment availability remains strong in most markets with demand outpacing available capacity,” said Foltz. “However, current projections for continued strong activity into the third quarter are less certain, as we move out of this year’s upcoming holiday shopping. We continue to be cautiously optimistic as we plan for upcoming volume and remain well positioned for long-term growth and increased economic gains for our state.”

At the Port of Brunswick, the movement of auto and machinery units also averaged double-digit growth for the past eight months. Colonel’s Island Terminal moved 35,789 total units in July 2010, which is an 89.3-percent increase compared with July 2009. Breakbulk volume also increased at the Port of Brunswick with Mayor’s Point posting a 25.4-percent increase.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The dark side of the “Amazon effect” and larger impact made by the explosive growth in e-commerce may soon be seen when organized labor prepares of a massive air cargo strike.

During this webcast our panelist offer logistics and supply chain professionals a “reality check” when it comes to our current state of understanding, adoption, and utilization of the technological tools that are available to improve our operations.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 55.7 in April (a level of 50 or higher indicates growth), which was up 1.2 percent compared to March, with economic activity in the non-manufacturing sector growing for the 75th consecutive month.

Total gross first quarter revenue for XPO was up 404.4 percent annually to $3.5 billion, with net revenue up 510.5 percent to $1.6 billion. While gross and net revenue were up, the company reported a net loss of $23.2 million, or $0.21 per diluted share and an adjusted net loss attributable to common shareholders of $9.3 million or $0.08 per share.

Regardless of capacity, pricing, or the economy, trucking industry regulations are never far from the freight transportation limelight. That is especially evident when it comes to the federally mandated hours-of-service (HOS) regulations. As usual, the current state of HOS remains somewhat fluid. And the reason for that has to do with legislation coming from the Senate Transportation Appropriations legislation that is currently being considered by the Senate.

Article Topics

News · Global · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA