GA Port Authority: Achieves 6 Percent Container Growth

24
Mar

GA Port Authority: Achieves 6 Percent Container Growth

Your Georgia Desk:

GPA achieves 6 percent container growth

Similar strength predicted through Q4

 The Georgia Ports Authority has moved more than 2 million twenty-foot equivalent container units (TEUs) so far this fiscal year (July-February), for an increase of 6.2 percent or an additional 119,318 TEUs.

“The strong growth experienced throughout our business sectors this fiscal year demonstrates the resilience and strength of the Southeast market, and a positive return on the continued investments in Georgia’s ports, rail, roads and logistical supply chain,” GPA Executive Director Curtis Foltz reported to the authority board Monday.

Foltz said he expects similar growth through the final quarter of the fiscal year.

In total, the GPA moved 19.2 million tons of cargo in the fiscal year to date, an increase of 7.6 percent, or 1.3 million tons. Growth across major cargo sectors contributed to the improvement. 

The GPA achieved an increase of 5.6 percent in roll-on/roll-off cargo through February, moving 438,990 automobile and machinery units – up 23,322 units compared to July-February FY2013. Bulk cargo such as soybeans and wheat rose 6.6 percent for the fiscal year through February to reach 1.86 million tons – an improvement of 114,868 tons over the same period last year.

In monthly totals, the GPA handled 2.4 million total tons in February, an increase of 5.4 percent or 122,060 tons. Foltz reported that Georgia’s deepwater ports set a record in February, handling the highest volume of containers ever for a February, at 248,746 TEUs, an increase of 2.6 percent. Breakbulk commodities increased by 8.8 percent (15,568 tons) last month, for a total of 192,204 tons. Meanwhile, February bulk cargo rose by 33 percent (69,745 tons) year over year to reach 280,477 tons. 

Foltz also reported that the FY2015 state budget approved by the Georgia General Assembly includes an additional $35 million in state funds for the Savannah Harbor Expansion Project. This funding, initially proposed by Gov. Nathan Deal, brings the state allocation to $266 million, fulfilling Georgia’s portion of the total project costs estimated at $652 million.

“Georgia stands ready to begin the harbor deepening, and we are working with the U.S. Army Corps of Engineers to complete all pre-construction activities allowed,” said GPA Board Chairman Robert Jepson. “The GPA and the Corps of Engineers have a draft cost-sharing agreement ready to sign as soon as Congress passes the Water Resource Development Act – a measure which will update the budget amount to the current estimate of $652 million.” 

Georgia’s deepwater ports and inland barge terminals support more than 352,000 jobs throughout the state annually and contribute $18.5 billion in income, $66.9 billion in revenue and $2.5 billion in state and local taxes to Georgia’s economy. The Port of Savannah handled 8 percent of the U.S. containerized cargo volume and 10.9 percent of all U.S. containerized exports in FY2013. Check out GPA’s Youtube channel here.

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