Business Briefs

GPA’s March container trade leaps 48 percent

The Port of Savannah handled an all-time record of nearly 500,000 20’ equivalent container units in March, an increase of more than 48 percent, or 162,275 TEUs, compared to the same month in 2020.

Counting the 498,000 TEUs moved in March, GPA wrapped up the third quarter with a fiscal year-to-date (July-March) total of 3.9 million TEUs, on track to top 5 million for the first time ever in a single year.

GPA’s Mason Mega Rail Terminal volumes grew by 29.7 percent in March, moving an additional 10,924 containers for a total of 47,684. At the Appalachian Regional Port, intermodal lifts increased 37.7 percent for the month, up by 761 containers compared to March 2020, for a total of 2,782 containers.

Over the coming months, GPA will add container yard space and rail capacity, as well as growing its big ship service capabilities and crane fleet. By September, GPA will commission Phase I of a project that will add a total of 650,000 TEUs of space at Garden City Terminal. A separate project adding 750,000 TEUs of annual capacity will open for operation in 2023.

Georgia’s deepwater ports and inland barge terminals support more than 496,700 jobs throughout the state annually and contribute $29 billion in income, $122 billion in revenue and $3.4 billion in state and local taxes to Georgia’s economy. The Port of Savannah handled 9.3 percent of total U.S. containerized cargo volume and 10.5 percent of all U.S. containerized exports in FY2020.

Published in the May 2021 Edition

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