Subscribe to our free, weekly email newsletter!


The Georgia Ports Authority reports strong growth in February

Fiscal-year-to-date volume is up 13.6 percent for TEUs compared with the same time period the previous fiscal year.
By Patrick Burnson, Executive Editor
March 22, 2011

The Georgia Ports Authority (GPA) announced that it experienced 16.3 percent container volume growth in February 2011 with additional impressive gains in automobiles, machinery and wood pulp.

“Our ports are critical to Georgia’s continued economic recovery,” said Governor Nathan Deal. “Additional cargo creates jobs in many sectors including farming, manufacturing, transportation and logistics. Propelling the flow of cargo will spur a thriving business climate and new opportunities for Georgia and the entire Southeast.”

Curtis Foltz, GPA’s executive director, reported to the Board of Directors last week that a total of 235,665 twenty-foot equivalent units (TEUs) crossed Georgia’s docks in February alone. Fiscal-year-to-date volume is up 13.6 percent for TEUs compared with the same time period the previous fiscal year.

This was trend also noted in a recent report issued by Zepol Corporation, a trade intelligence company.


“This has been a trend we’ve been tracking for the past three years,” said Zepol president and CEO, Paul Rasmussen. “More than 50 percent of cargo now coming to the East Coast emanates from Asia.”

“Heavy volumes have been driven by ongoing market recovery and continued inventory replenishment,” said Foltz. “Exports continue to outpace imports since the depth of the recession in 2009.”

“The continued growth experienced at the Port of Savannah further highlights the need for the successful completion of the Savannah Harbor Expansion Project,” said GPA Chairman of the Board Alec L. Poitevint. “The world’s shipping lines and beneficial cargo owners have made the Port of Savannah the gateway to the Southeast because of our efficient operations, outstanding rail connectivity and ability to access 44 percent of the U.S. population.”


Break-bulk tonnage continued to reflect a strong global industrial recovery reporting a 51.6 percent February increase handling 177,073 tons for the month. Fiscal-year-to-date break-bulk tonnage increased 50.3 percent compared with the previous fiscal year. The growth was driven by significant increases in export traffic through the GPA’s Ocean Terminal facility in wood pulp, machinery and automobiles.

Autos and machinery units posted the second best month ever for Savannah and Brunswick. The majority of the GPA’s auto activity was at Colonel’s Island Terminal, which reported a 78.9-percent increase and moved 40,734 units. The high automobile volumes are reflective of market share gains by the primary brands the GPA handles, specifically Hyundai, Mercedes, BMW, Kia and Volkswagen.

For related stories click here.

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

As of July 1, only containers with a verified gross mass will be cleared to be loaded onto a ship under the International Maritime Organization’s Safety of Life at Sea (SOLAS) Verified Gross Mass (VGM) amendment. Shippers hoping that the implementation of the ruling will be delayed or deferred are whistling in the dark, say industry analysts.

Amid the many worrisome economic indicators kicking around of late, something along the lines of good news came about this week in the form of United States new home sales data, issued by the United States Department of Commerce this week.

In March, the SCI came in at 0.4, which FTR described as “a near neutral reading” on the heels of four months of more favorable market trends for shippers.

The $4.8 billion acquisition of Netherlands-based TNT Express-NV, a provider of mail and courier services and the fourth largest global parcel operator, by transportation and logistics services provider FedEx was made official today.

less than one percent of all U.S. businesses export, and of those that do, the majority interacts only with NAFTA trading partners Mexico and Canada.

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