Supply Chain News / Economic Development / Finance & Credit / Ground

Georgia Ports Authority Has 6 Percent Container Growth

Similar strength predicted through Q4 2014 for GPA.

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,” said GPA Executive Director Curtis Foltz to the authority board.

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 FY 2015 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.”  

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

Five Wearable Manufacturing Technologies of the Future

Video applications, Employee Monitoring, Field service, Plant monitoring, Improving employee safety

Podcasts

Assurance of Supply: A Top Concern for Manufacturers

Every manufacturer has an assurance of supply problem to some extent due to the complexity of global sourcing. For years, manufacturers were blessed with high margins but margins have grown paper thin. You can’t fill up your distribution centers with excess inventory – not only is there a cost factor but the pace of business and consumer buying trends causes goods to quickly turn obsolete. Assurance of supply provides the speed and agility that is essential to being able to compete in today’s market.

 

Speaker info: Diane Palmquist, VP Manufacturing Industry Solutions

                                         

More Podcasts

World Trade 100 Magazine

wt october 2014

2014 October

Check out the October 2014 edition of World Trade WT100, featuring our cover story: Logistics Drives Site Selection, plus much more!

Table Of Contents Subscribe

Transportation Capacity

As peak season has gotten underway, what is your experience with transportation capacity?
View Results Poll Archive

WT100 STORE

world-class-warehousing.gif
World-Class Warehousing and Material Handling, 1st Edition

Filled with proven operational solutions, it will guide managers as they develop a warehouse master plan, one designed to minimize the effects of supply chain inefficiencies as it improves logistics accuracy and inventory management - and reduces overall warehousing expense.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

Use our interactive maps to locate service providers across North America.Interactive Map

Logistics Development Partners 

IWLA Members