The Georgia Ports Authority (GPA) handled 5.25 million TEU units in fiscal year (FY) 2024, which ended on 30 June 2024.
The performance constitutes a decrease of 2.3 per cent or 123,000 TEU compared to the previous year.
Compared to the pre-pandemic year of FY 2019, GPA’s fiscal performance equates to a 3 per cent compound annual growth rate.
Despite the slight decline in volumes, Georgia Ports continues to have one of the nation’s best connectivity rankings in the nation with more than 35 vessels calling every week in Savannah.
The Authority recently completed construction of its new Garden City Terminal West facility and continues to add new Ship-to-Shore cranes and Rubber Tyre Gantry (RTG) cranes built by the Finnish company, Konecranes. Georgia Ports is the only operator in the US using 100 per cent Konecranes in its fleet, GPA reported.
“While we experienced lower container volumes, we have been through cycles before and are optimistic about the future,” President and CEO Griff Lynch said.
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Georgia Ports’ long-term vision to support future growth is closely coordinated with the Georgia Dept. of Transportation’s (GDOT) integrated roadway efforts. Governor Brian Kemp announced a $1.5 billion Transportation Infrastructure Investment including a $500 million freight programme for 18 freight-carrying infrastructure projects that aim to improve efficiency, safety and reliability for the transportation of goods across Georgia.
“At Georgia Ports, our philosophy is to continue investing for the future, even during slower periods, so that we are ready for the next up cycle,” said GPA Board Chairman Kent Fountain.
“That’s how we have built one of the most reliable operations in global logistics.”
In April this year, the GPA and Wallenius Wilhelmsen inked a 20-year terminal agreement to consolidate the company’s port and logistics activities at the Port of Brunswick.
