Current:Home > MyGeorgia seaport closes gap with Baltimore, the top US auto port -FutureProof Finance
Georgia seaport closes gap with Baltimore, the top US auto port
View
Date:2025-04-11 23:19:35
SAVANNAH, Ga. (AP) — The executive overseeing Georgia’s seaports said Tuesday that a record 830,000 automobiles moved through the Port of Brunswick south of Savannah in the 2024 fiscal year, bringing it neck-and-neck with the top U.S. auto port.
The combined number of auto and heavy machinery units handled by Brunswick and the Port of Savannah topped 876,000 in the fiscal year ending June 30, the Georgia Ports Authority reported. That’s an increase of 21% over the same period a year ago.
Ports authority CEO Griff Lynch called it “a great year for us.”
The number of cars and light trucks being shipped through the Port of Brunswick has snowballed in the wake of the COVID-19 pandemic. As U.S. auto sales in 2023 saw their biggest increase in a decade, Georgia was investing $262 million in upgrades and expansions in Brunswick to make room for growth. Lynch said those projects are almost complete and should be finished by fall.
Lynch predicted last October that automobile volumes in Brunswick by 2026 would surpass the Port of Baltimore, the No. 1 U.S. seaport for autos for more than a decade.
The new cargo numbers from Georgia indicate that Brunswick is already extremely close. Port officials in Maryland reported that Baltimore handled 847,000 auto imports and exports in the 2023 calendar year.
Baltimore’s shipping channel shut down completely for weeks following the deadly collapse of the Francis Scott Key Bridge on March 26, then reopened in phases before the waterway was fully cleared in June.
It wasn’t immediately known if the Port of Baltimore has automobile volume figures for the 12-month period ending June 30. The Associated Press left phone and email messages Tuesday for a spokesperson for the Maryland Port Administration.
When the bridge collapse forced auto shipments to be diverted from Baltimore, the Port of Brunswick received about 14,000 of those cars and trucks in April and May, Lynch said.
“Baltimore, I would think, is probably still No. 1, but we’re closing the gap,” Lynch said. “We don’t want to be No. 1 because Baltimore had a bridge collapse.”
He also noted Georgia’s big gains in the past year largely resulted from other sources, such as automakers shifting their business to Brunswick from other neighboring ports such as Charleston, South Carolina, and Jacksonville, Florida.
Georgia’s push to become a Southern hub for electric vehicle production could send more autos across Brunswick’s docks, though perhaps not anytime soon. While Hyundai plans to open its first U.S. plant dedicated to EVs west of Savannah before the year ends, Lynch said he expects the factory to focus initially on vehicles for the U.S. market.
“Now I think it’s fairly well understood that, at least in the early years, they would not be exporting a lot of cars,” Lynch said.
Also Tuesday, the ports authority reported that the Port of Savannah handled 5.25 million container units in the latest fiscal year, down 2.3% from fiscal 2023. Savannah is the fourth-busiest U.S. port for cargo shipped in containers. The giant metal boxes are used to transport goods from consumer electronics to frozen chickens.
Container volumes lagged in the last six months of 2023 as retailers with overstuffed inventories scaled back new orders, Lynch said, but started to rebound in recent months.
veryGood! (42256)
Related
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Lawyers for Alabama inmate seek to block his fall execution by nitrogen gas
- Olympian Aly Raisman Made This One Major Lifestyle Change to Bring Her Peace
- Glen Powell Looks Unrecognizable After Transforming Into Quarterback for New TV Show Chad Powers
- Louvre will undergo expansion and restoration project, Macron says
- Sicily Yacht Sinking: 4 Bodies Recovered From the Wreckage By Divers
- Remains found on Michigan property confirmed to be from woman missing since 2021
- Canadian freight trains could stop moving Thursday. If they do, many businesses will be hurt
- Buckingham Palace staff under investigation for 'bar brawl'
- Nebraska man accepts plea deal in case of an active shooter drill that prosecutors say went too far
Ranking
- Trump invites nearly all federal workers to quit now, get paid through September
- UPS driver suffering from heat exhaustion 'passed out,' got into crash, Teamsters say
- Canada’s two major freight railroads may stop Thursday if contract dispute isn’t resolved
- Usher setlist: All the songs on his innovative Past Present Future tour
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- What Out of the Darkness Reveals About Aaron Rodgers’ Romances and Family Drama
- Meg Ryan Looks Glowing at Rare Red Carpet Appearance in Bosnia
- Alicia Silverstone leaves fans concerned after eating possibly poisonous fruit
Recommendation
$73.5M beach replenishment project starts in January at Jersey Shore
Gabby Williams signs with Seattle Storm after Olympic breakout performance for France
Kansas mom sentenced to life in prison after her 2-year-old son fatally shot her 4-year-old daughter
Bit Treasury Exchange: How Should the Crypto-Rich Spend Their Money?
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
Travis Kelce set to join cast of 'Happy Gilmore 2,' according to Adam Sandler
Detroit judge is sued after putting teen in handcuffs, jail clothes during field trip
Columbus Crew vs. Philadelphia Union Leagues Cup semifinal: How to watch Wednesday's game