Freight News, Sea

GPA Sees TEU Volumes Top 3.6m TEUs in FY2016

[ July 27, 2016   //   ]

Georgia Port Authority Executive Director Griff Lynch recently reported that the GPA moved 30.8 million tons of cargo and 3.6 million TEUs in FY2016. It is the second straight year that TEU volumes topped 3.6 million. Despite a decrease of 1.3% in containers for FY16, combined annual TEU growth for FY15-16 reached 15.4%.

“Overall, FY16 container volumes exceeded expectations due to inflated market share associated with last year’s West Coast cargo diversions,” Lynch said. “When our new customers experienced the seamless connection between Georgia’s ports, rail and roads, they decided to grow their business here. This coming year we will be focused on increasing our capacity, expanding our reach into new markets and providing superior supply chain solutions for our customers.”

GPA estimates that 24% of the approximately 320,000 TEUs diverted to the Port of Savannah over Fiscal Year 2015, or more than 75,000 TEUs, was retained by GPA.

“Georgia’s deepwater ports are a powerful magnet for new business,” said GPA Board Chairman Jimmy Allgood. “Thousands of manufacturing and logistics companies are already capitalizing on the competitive advantages offered by the ports of Savannah and Brunswick. As our retention of the diverted cargo shows, potential customers continue to choose Georgia when they learn of the savings in time and money that we provide.”