The Port of Savannah achieved an all-time high of 437,750 twenty-foot equivalent container units in August. Courtesy of Georgia Ports Authority/ Stephen B. Morton)
Savannah achieves 16.5 percent growth in container volumes
Georgia's deep-water ports and inland barge terminals support more than 439,000 jobs throughout the state annually and contribute $25 billion in income, $106 billion in revenue and $2.9 billion in state and local taxes to Georgia's economy. The Port of Savannah handled 8.5 percent of U.S. containerized cargo volume and 10 percent of all U.S. containerized exports in FY2017.
The Georgia Ports Authority achieved its busiest month ever for containerized trade in August, handling 437,750 twenty-foot equivalent container units. At the GPA Board meeting Tuesday, Executive Director Griff Lynch reported August volumes grew by 62,000 TEUs or 16.5 percent compared to the same month last year.
In August, GPA handled eight extra ships over its regular 37 weekly vessel calls, adding nearly 20,000 TEUs to the month's volume. Lynch noted increased business through the Port of Savannah is driving private investment, but the industrial vacancy rate remains low. Of structures offering 100,000 square feet or more, the vacancy rate is 1.42 percent.
Submitted by the Georgia Port Authority