Georgia Ports Authority posts 22% higher May figures

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Stockpiling of inventories fuel Georgia Port Authority’s container shipping figures for May.

The Georgia Ports Authority handled 490,330 twenty-foot equivalent container units in May, an increase of 22% or nearly 90,000 TEU over the same month a year ago. 2023, however, was a low comparator. The GPA handled 519,390 TEU in May 2022, which is the port’s best May figure on record. The 490,330 TEU handled in May 2024 down on the 2022 figure but marginally ahead of the 478,620 TEU handled in May 2021.

The GPA sees its May 2024 result as the continuation of an upward trend. “Major retail customers tell Georgia Ports they have increased their orders to rebuild inventories and to meet rising consumer demand,” said GPA President and CEO Griff Lynch. “Additionally, we’ve seen an increase in trade among Tier 1 suppliers for the new Hyundai Meta Plant, which also added to our May container volumes.”

While there have been reports of congestion at Southeast U.S. ports, Lynch said there is no congestion in Savannah.

He added that GPA is benefiting from source shifting, as more manufacturers establish production facilities in Southeast Asian locations that favour delivery via Savannah.

GPA said that the Port of Savannah achieved an increase in container trade for every month of the Calendar Year 2024, compared to 2023. For the calendar year through May, the Port of Savannah has handled 770 vessels, an increase of 36 compared to the same period last year.

Furthermore, GPA’s May performance improved on its April numbers by 11%.

Lynch said June is also expected to be strongly in positive territory, with more than 320,000 TEU of import cargo destined for Savannah currently on the water.

In intermodal cargo, the Appalachian Regional Port accomplished a record May, with the inland rail terminal moving 3,600 containers. Forty-foot boxes moved by rail at the Port of Savannah’s Garden City Terminal reached 44,000 last month, an increase of 2% or 900 containers.

For the calendar year to date, GPA has handled 2.2 million TEU in total cargo, up by 12.7% year-on-year.

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