The Port of Savannah has recorded its second busiest February with the Georgia Ports Authority (GPA) now handling 11.4% of containers in the US, its highest national market share ever.
The latest figures from logistics data provider PIERS reported that the port moved more than 2 million teu during the last fiscal year increasing GPA’s shared of the US container by 0.7%.
“Our global economy is facing headwinds, but Georgia’s deepwater ports continue to deliver dependable performance to keep business thriving,” said GPA executive director Griff Lynch.
“As the nation’s top gateway for American farm and factory exports, the Port of Savannah serves as a hub for global commerce, linking every major ocean carrier calling the US East Coast with superior connections to road and rail.”
Georgia Ports boosted its portion of US container exports to 12.3% over the period spanning July to December 2022 – up 0.4% compared to the same period in the previous year. Savannah’s share of the import market rose nearly three-quarters of a point to 11.1% for the fiscal year to date to December.
Second busiest February ever
GPA is reporting February container trade at the Port of Savannah of nearly 395,000 teu. Last month was its second busiest February ever, after 2022 when GPA moved 460,400 teu. Inflation, rising interest rates and high warehouse inventories are important factors in the container trade dip, port officials said. Compared to pre-pandemic numbers in February 2020 last month’s performance was an increase of 30,400 teu.
“Volume and market share trends show that despite a slowing economy, Georgia is outperforming the competition,” said GPA board chair Joel Wooten. “Cargo owners and their logistics providers are mitigating uncertainty through the reliability and connectivity of our deepwater ports.”
