The Georgia Ports Authority (GPA) recently announced they had handled a record of 4.2 million TEU’s for the Fiscal Year of 2018. This is an increase of 325,000 additional units year-over-year or 8.4%.
Executive Director for GPA, Griff Lynch said, “Moving more than 4 million TEUs in a single fiscal year is an important milestone for Georgia,” Mr. Lynch further added, “Georgia’s logistical advantages, along with the Southeast’s population growth, have resulted in increased demand, while the expanded Panama Canal has cleared the way for larger vessels to call Savannah.”
This is the 20th consecutive month of positive year-over-year growth for the GPA.
Jimmy Allgood, GPA Board Chairman had this to say, “Outstanding effort from our GPA employees, the International Longshoremen’s Association, stevedores, trucking and rail personnel made it possible to exceed customer expectations and achieve record results,” Mr. Allgood concluded with, “I cannot say enough about the partnership and can-do spirit of the Georgia maritime community.”
In addition to the volume increase for TEU’s the GPA also reported a surge in intermodal rail lifts to 435,000, an increase of 16.1%, or more than 60,000 additional moves.
Mr. Lynch ended with, “The market’s increasing recognition of Georgia as a rail hub for East Coast container trade reinforces our determination to double Savannah’s on-terminal rail lift capacity. the Port of Savannah is poised to capture new rail cargo across the state, the Southeast and well into the American Midwest.”
In other news the Georgia Ports Authority board approved construction of an $8.8 million overpass, which is part of their $127 million Mason Mega Rail project. When completed the project will allow for 10,000-foot unit trains to be built on terminal.