Current:Home > reviewsGeorgia seaports handled a record number of automobiles in 2023 while container trade dropped 16% -Achieve Wealth Network
Georgia seaports handled a record number of automobiles in 2023 while container trade dropped 16%
View
Date:2025-04-15 05:21:59
SAVANNAH, Ga. (AP) — The Georgia Ports Authority said Tuesday that it moved a record number of automobiles across its docks in Brunswick last year, while goods shipped to Savannah in cargo containers declined 16%.
The Port of Brunswick rolled more than 775,000 autos and heavy machinery units on and off ships in the 2023 calendar year, when U.S. auto sales saw their biggest increase in more than a decade. That is the port’s highest ever auto and machinery total and an increase of more than 15% over the previous year.
The news comes as port authority CEO Griff Lynch has set a goal of Brunswick surpassing the Port of Baltimore as the No. 1 U.S. port for automobile imports and exports. The Georgia agency is investing $262 million in upgrades and expansions to make room for growth at the Brunswick port, located about 70 miles (112 kilometers) south of Savannah.
“We have been investing in Brunswick. We’ve been creating capacity in Brunswick,” Lynch said in an interview, adding that more growth is possible in 2024. “Autos are strong. I mean, the economy will drive the autos, so we’ll have to see how that plays out. But right now, they’re strong.”
Auto shipments into Georgia boomed last year as sales surged amid pent-up demand following a computer chip shortage that slowed assembly lines.
Georgia’s push to become a Southern hub for electric vehicle production is expected to send more autos across Brunswick’s docks in the coming years. Hyundai is building its first U.S. plant dedicated to EVs west of Savannah, while electric truck maker Rivian is constructing a factory east of Atlanta. Kia last summer announced an expansion of its plant in West Point to manufacture electric SUVs.
Meanwhile, the Port of Savannah saw a notable dip in cargo shipped in containers, the giant metal boxes used to pack retail goods from consumer electronics to frozen chickens. Savannah is the fourth-busiest U.S. seaport for containerized cargo, behind only New York, Los Angeles and Long Beach, California.
Savannah handled 4.9 million container units of imports and exports last year, down 16% compared with calendar 2022. Lynch said retailers ordered less inventory as inflation and higher interest rates cooled consumer spending.
That could be changing. Savannah’s container numbers for January are on track to outpace the same month last year, and Lynch said he anticipates that trend will continue in the coming months.
“I fully believe that when we look at February and March and April, we should see some positive numbers year-over-year,” Lynch said. “The numbers are stronger than we anticipated.”
veryGood! (35539)
Related
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- 'It's where the texture is': Menswear expert Kirby Allison discusses Italian travel series
- Zendaya and Robert Pattinson in Talks to Star in New Romance Movie
- Why Simone Biles, Jordan Chiles bowed down to Rebeca Andrade after Olympic floor final
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Rural Nevada sheriff probes potential hate crime after Black man says he was racially harassed
- Finding Reno’s hot spots; volunteers to measure Northern Nevada’s warmest neighborhoods
- SEC, Big Ten domination headlines US LBM Coaches Poll winners and losers
- Travis Hunter, the 2
- 2024 Olympics: Gymnast Ana Barbosu Speaks Out After Missing Medal Due to Jordan Chiles' Score Change
Ranking
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Olympic medals today: What is the medal count at 2024 Paris Games on Tuesday?
- Details on Zac Efron's Pool Incident Revealed
- Chicago White Sox lose to Oakland A's for AL record-tying 21st straight defeat
- Retirement planning: 3 crucial moves everyone should make before 2025
- Haunting Secrets About The Sixth Sense You Won't Be Able to Unsee
- Fast-moving San Bernardino wildfire torches hillside community, forcing evacuations
- Sabrina Carpenter Makes Rare Comment About Boyfriend Barry Keoghan
Recommendation
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
South Carolina school apologizes for employees' Border Patrol shirts at 'cantina' event
Watch as walking catfish washes up in Florida driveway as Hurricane Debby approached
South Carolina school apologizes for employees' Border Patrol shirts at 'cantina' event
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Pregnant Cardi B Reveals the Secret of How She Hid Her Baby Bump
'The Pairing' review: Casey McQuiston paints a deliciously steamy European paradise
Flavor Flav and the lost art of the hype man: Where are hip-hop's supporting actors?