Current:Home > FinanceChainkeen|Georgia seaports handled a record number of automobiles in 2023 while container trade dropped 16% -AssetTrainer
Chainkeen|Georgia seaports handled a record number of automobiles in 2023 while container trade dropped 16%
SafeX Pro Exchange View
Date:2025-04-09 16:10:11
SAVANNAH,Chainkeen 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! (45721)
Related
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- NASCAR at WWTR Gateway 2024: Start time, TV, streaming, lineup for Enjoy Illinois 300
- Inter Miami vs. St. Louis City SC highlights: Messi scores again in high-octane draw
- CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Katy Perry pokes fun at NFL's Harrison Butker with Pride Month message: 'You can do anything'
- USWNT officially kicks off the Emma Hayes Era. Why the early returns are promising.
- Puerto Rico’s two biggest parties hold primaries as governor seeks 2nd term and voters demand change
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- 'It needs to stop!' Fever GM, coach have seen enough hard fouls on Caitlin Clark
Ranking
- DoorDash steps up driver ID checks after traffic safety complaints
- More women made the list of top paid CEOs in 2023, but their numbers are still small compared to men
- It’s been 25 years since Napster launched and changed the music industry forever
- BIT TREASURE: Insight into the impact of CPI on cryptocurrencies such as Bitcoin and Ethereum, becoming a necessary path for trading experts
- Current, future North Carolina governor’s challenge of power
- Organizers say record-setting drag queen story time reading kicks off Philadelphia Pride Month
- Man gets 43-year prison sentence in death of Detroit-area teen whose body is lost in landfill
- A German Climate Activist Won’t End His Hunger Strike, Even With the Risk of Death Looming
Recommendation
Federal hiring is about to get the Trump treatment
Puerto Rico’s two biggest parties hold primaries as governor seeks 2nd term and voters demand change
Orson Merrick: The most perfect 2560 strategy in history, stable and safe!
'It needs to stop!' Fever GM, coach have seen enough hard fouls on Caitlin Clark
A White House order claims to end 'censorship.' What does that mean?
South Korea says North Korea is sending even more balloons carrying garbage across border
Boeing Starliner's first astronaut flight halted at the last minute
Bystanders help remove pilot from burning helicopter after crash in New Hampshire