Current:Home > ContactGeorgia seaports handled a record number of automobiles in 2023 while container trade dropped 16% -VitalWealth Strategies
Georgia seaports handled a record number of automobiles in 2023 while container trade dropped 16%
View
Date:2025-04-15 11:55:58
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! (3)
Related
- The Best Stocking Stuffers Under $25
- Allan Lichtman shares his 2024 presidential election prediction | The Excerpt
- United Launch Alliance's Vulcan rocket completes second successful launch
- Caitlin Clark Shares Tribute to Boyfriend Connor McCaffery After Being Named WNBA’s Rookie of the Year
- Giants, Lions fined $200K for fights in training camp joint practices
- 1 dead after accident at Louisiana fertilizer plant
- Pennsylvania school boards up window openings that allowed views into its gender-neutral bathrooms
- Man deemed violent predator caught after removing GPS monitor, escaping and prompting 3-day search
- USA women's basketball live updates at Olympics: Start time vs Nigeria, how to watch
- Ben Affleck Steps Out With New Look Amid Divorce From Jennifer Lopez
Ranking
- Mega Millions winning numbers for August 6 drawing: Jackpot climbs to $398 million
- Family plans to honor hurricane victim using logs from fallen tree that killed him
- The Princess Diaries 3 Is Officially in the Works—And No, We Will Not Shut Up
- Federal Highway Officials Reach Agreement With Alabama Over Claims It Discriminated Against Flooded Black Residents
- The 'Rebel Ridge' trailer is here: Get an exclusive first look at Netflix movie
- IRS doubles number of states eligible for its free Direct File for tax season 2025
- Hilary Swank Gets Candid About Breastfeeding Struggles After Welcoming Twins
- 'Extremely grateful': Royals ready for Yankees, ALDS as pitching quartet makes most of chances
Recommendation
A New York Appellate Court Rejects a Broad Application of the State’s Green Amendment
A year into the Israel-Hamas war, students say a chill on free speech has reached college classrooms
Ben Affleck Steps Out With New Look Amid Divorce From Jennifer Lopez
Nick Saban teases Marshawn Lynch about Seahawks pass on 1-yard line in Super Bowl 49
Chief beer officer for Yard House: A side gig that comes with a daily swig.
The Supreme Court opens its new term with election disputes in the air but not yet on the docket
Search for missing 22-year-old Yellowstone employee scaled back to recovery mission
Yankees' newest October hero Luke Weaver delivers in crazy ALDS opener