25-05-2018

April boosts Savannah’s volume up 7.1pc to 356,700 TEU

THE Georgia Ports Authority's (GPA) busiest April posting a 7.1 per cent year-on-year increase to 356,700 TEU, driving up fiscal year-to-date totals to 3.4 million TEU.

"We're on track to move more than 300,000 TEU in every month of the fiscal year, which will be a first for the Authority," said GPA executive director Griff Lynch.

"We're also anticipating this to be the first fiscal year for the Port of Savannah to handle more than four million TEU."

As the fastest growing containerport in the nation, the Port of Savannah has achieved a compound annual growth rate of more than five per cent a year over the past decade.

"As reported in the recent economic impact study by UGA's Terry College of Business, trade through Georgia's deepwater ports translates into jobs, higher incomes and greater productivity," said GPA chairman Jimmy Allgood.

"In every region of Georgia, employers rely on the ports of Savannah and Brunswick to help them become more competitive on the global stage," he said.

Source: Schednet

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