Georgia's ports handling record cargo volumes in 2014, are on pace to surpass 3 million containers handled when fiscal year ends June 30; in May, state's ports moved 2.63 million tons of imports and exports, exceeding previous record set in March
June 23, 2014
– Georgia's busy seaports have continued to handle record cargo volumes in 2014 as the U.S. economy recovers, putting the Port of Savannah within close reach of a big milestone when the fiscal year ends next week, the Georgia Ports Authority's chief executive said Monday.
Curtis Foltz, executive director the state agency that oversees the ports in Savannah and Brunswick, told the authority's board of directors that the ports moved a combined 2.63 million tons of imports and exports in May. It's the most freight Georgia's ports have ever seen in a single month — edging the previous record 2.61 million tons reported in March.
The booming 2014 has Savannah on the verge of claiming another shattered record. The latest numbers show Savannah during the past 11 months handled more than 2.86 million cargo containers packed with everything from retail goods to frozen chickens. The Savannah port has never before surpassed 3 million containers in a single year. With fiscal 2014 wrapping up June 30, port officials say the milestone seems inevitable.
"We will exceed the 3 million mark for the first time," Foltz said.
It wasn't long ago, in 2006, that Savannah surpassed 2 million containers and vaulted past Charleston, South Carolina, to become the fourth-busiest U.S. container port. For the past eight years, more containerized cargo has moved across Savannah's docks than those of any U.S. port other than New York, Los Angeles and Long Beach, California.
The recovering U.S. economy has fueled much of the growth at Georgia's ports this year, Foltz said. Georgia has also begun to benefit from contentious contract negotiations between West Coast port operators and the labor union for dockworkers whose contract expires at the end of June. Although negotiations are expected to continue past the deadline, shippers have begun rerouting some cargo to East Coast ports to avoid any possible disruptions. Foltz said Georgia started receiving some of that diverted cargo in May and will see more in the coming months.
"The future is very bright for the ports," said James A. Walters, a financial services executive from Gainesville who on Monday was elected the new board chairman of the Georgia Ports Authority. Asked if the ports' 2014 growth could be sustained, he said, "I don't see any reason why not."
Walters takes the helm just as a long-planned $706 million deepening of the Savannah harbor cleared its final bureaucratic hurdles in Washington this month. Foltz told board members the Army Corps of Engineers could have contracts for the massive project awarded by the end of December.
Copyright (2014) Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
© 2017 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.