Current:Home > MarketsGeorgia seaports handled a record number of automobiles in 2023 while container trade dropped 16% -Wealth Evolution Experts
Georgia seaports handled a record number of automobiles in 2023 while container trade dropped 16%
View
Date:2025-04-12 07:33:08
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! (614)
Related
- Trump wants to turn the clock on daylight saving time
- Who are Sunday's NFL starting quarterbacks? Caleb Williams, Jayden Daniels to make debut
- Grand Canyon’s main water line has broken dozens of times. Why is it getting a major fix only now?
- Two astronauts are left behind in space as Boeing’s troubled capsule returns to Earth empty
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Demi Moore on 'The Substance' and that 'disgusting' Dennis Quaid shrimp scene
- Sephora Flash Sale: Get 50% Off Kiehl's Liquid Pimple Patches, Fenty Beauty by Rihanna Lipstick & More
- Aryna Sabalenka wins US Open, defeating American Jessica Pegula in final
- The Super Bowl could end in a 'three
- Week 1 fantasy football rankings: PPR, half-PPR and standard leagues
Ranking
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- US higher education advocates welcome federal support for Hispanic-serving institutions
- No. 3 Texas football, Quinn Ewers don't need karma in smashing defeat of No. 9 Michigan
- Once volatile, Aryna Sabalenka now the player to beat after US Open win over Jessica Pegula
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Georgia school shooting suspect was troubled by a broken family, taunting at school, his father said
- Jennifer Lopez slays on Toronto red carpet, brings 'sass' to 'Unstoppable' role
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Dark Matter
Recommendation
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
All The Emmy-Nominated Book to Television Adaptations You'll Want to Read
Sérgio Mendes, Brazilian musician who helped popularize bossa nova, dies at 83
Michigan mess and Texas triumph headline college football Week 2 winners and losers
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
Ratepayers Have Had Enough Of Rising Energy Bills
Trouble brewing for Colorado, Utah? Bold predictions for Week 2 in college football
Hope for North America’s Most Endangered Bird