In January 2024, the Port of Savannah saw a slight increase in container shipments, moving 428,000 twenty-foot equivalent units, marking a 1.5% year-over-year growth compared to the same month last year.
However, the port ended 2023 with a total of 4.9 million TEUs, a 16% decrease from 2022.
Officials at the Georgia Ports Authority (GPA) stated that higher inflation and interest rates had slowed consumer spending, leading to increased inventories in warehouses.
CEO Griff Lynch expressed optimism for the new year, anticipating stronger container volumes and more positive comparisons in the coming months.
Rail cargo at the Port of Savannah saw a significant increase in January, with 47,132 containers moved, a 27% year-over-year rise attributed to the completion of the $220 million Mason Mega Rail project.
This project added 24 miles of on-terminal track on 90 acres next to the Garden City Terminal.
Lynch highlighted the investments made in rail capacity, stating that they not only increased container handling capacity but also expanded the port’s reach to new markets.
At GPA’s Port of Brunswick, the Colonel’s Island Terminal handled 65,400 units of roll-on, roll-off cargo in January, showing a growth from the previous year.
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