Posts Tagged “Georgia Port Authority”
Savannah, Georgia trails only New York City as an East Coast container port and ranks No. 4 nationally after Los Angeles and Long Beach, California, according to Datamyne and compiled by Bloomberg.
Now, the city, which as a modest population of 143,000, is opening another shipping market in the city’s emergence as a major trade hub with the Port of Savannah.
The Georgia Port Authority reports not only has Savannah been the fastest-growing port in the U.S. for the past 10 years, but it is now in a position to grow and become No. 1., something that was unfathomable a decade ago.
Ongoing improvements at the port are continuing to push it forward.
Bloomberg reports that the Port of Savannah’s September imports rose 21.7% compared to a 7% increase for New York. However, keep in mind that New York still imported nearly twice the cargo.
Of course, New York will always move large cargo volumes because of its massive consuming population.
One of the large selling points for Savannah is the port’s proximity to major expressways like I-20 and I-95. The port is currently working to deepen its waters to attract larger ships that may come through the expanded Panama Canal as well.