Georgia's busy seaports have continued to handle record cargo volumes in 2014 as the US economy recovers, putting the Port of Savannah within close reach of a big milestone when the fiscal year ends next week, the Georgia Ports Authority's chief executive said.
Curtis Foltz, executive director of the state agency that oversees the ports in Savannah and Brunswick, told the authority's board of directors that the ports moved a combined 2.63 million tonnes of imports and exports in May, reported Associated Press Newswires.
It's the most freight Georgia's ports have ever seen in a single month ¡ª edging the previous record 2.61 million tonnes reported in March.
The booming 2014 has Savannah on the verge of claiming another shattered record. The latest numbers show Savannah during the past 11 months handled more than 2.86 million cargo containers packed with everything from retail goods to frozen chickens. The Savannah port has never before surpassed three million containers in a single year. With fiscal 2014 wrapping up June 30, port officials say the milestone seems inevitable.
"We will exceed the three million mark for the first time," Foltz said.
It wasn't long ago, in 2006, that Savannah surpassed two million containers and vaulted past Charleston, South Carolina, to become the fourth-busiest US container port. For the past eight years, more containerised cargo has moved across Savannah's docks than those of any US port other than New York, Los Angeles and Long Beach, California.
The recovering US economy has fuelled much of the growth at Georgia's ports this year, Foltz said. Georgia has also begun to benefit from contentious contract negotiations between West Coast port operators and the labour union for dockworkers whose contract expires at the end of June. Although negotiations are expected to continue past the deadline, shippers have begun rerouting some cargo to East Coast ports to avoid any possible disruptions. Foltz said Georgia started receiving some of that diverted cargo in May and will see more in the coming months.
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