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GEORGIA PORTS SEES 22% CONTAINER GROWTH IN MAY
June 14, 2024

Georgia Ports Authority (GPA) recorded double-digit volume growth in May, driven by a strengthening retail market and business from new customers of the gateway.

 

GPA handled 490,330 twenty-foot equivalent container units (TEUs) in May, an increase of 22% or nearly 90,000 TEUs over the same month a year ago.

 

"Major retail customers tell Georgia Ports they have increased their orders to rebuild inventories and to meet rising consumer demand," said Griff Lynch, president and CEO of GPA.

 

"Additionally, we've seen an increase in trade among Tier 1 suppliers for the new Hyundai Meta Plant, which also added to our May container volumes," he added.

 

While there have been reports of congestion at Southeast US ports, Lynch noted that there is no congestion in the Port of Savannah.

 

He added that GPA is benefitting from source shifting as more manufacturers establish production facilities in Southeast Asian locations that favour delivery via Savannah. 

 

GPA noted that the Port of Savannah had achieved an increase in container trade for every month of 2024 compared to 2023.

 

GPA's May performance improved on its April numbers by 11%.

 

Lynch said June is also expected to be strongly in positive territory, with more than 320,000 TEUs of import cargo destined for Savannah currently on the water.

 

In intermodal cargo, the Appalachian Regional Port accomplished a record May, with the inland rail terminal moving 3,600 containers.

 

It added that forty-foot boxes moved by rail at the Port of Savannah's Garden City Terminal reached 44,000 last month, an increase of 2% or 900 containers.

 

For the calendar year to date, GPA has handled 2.2 million TEUs in total cargo, up 12.7% over the same period in 2023.

 

"The teamwork among our GPA employees and our supply chain partners delivers unmatched service for our customers," said Kemt Fountain, chairman of the GPA Board.

 

"In order to press Georgia's logistical advantage, the Board is investing significantly in new capacity across our docks, container yards, truck gates and rail connections," he added.

 

For the calendar year through May, the Port of Savannah has handled 770 vessels, an increase of 36 compared to the same period last year.