Current:Home > InvestGeorgia seaport closes gap with Baltimore, the top US auto port -Excel Wealth Summit
Georgia seaport closes gap with Baltimore, the top US auto port
View
Date:2025-04-13 22:40:07
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! (14)
Related
- New data highlights 'achievement gap' for students in the US
- Men's pro teams have been getting subsidies for years. Time for women to get them, too.
- National Association of Realtors to pay $418 million to settle real estate agent commission lawsuits
- Gerrit Cole injury update: Yankees breathe sigh of relief on Cy Young winner's elbow issue
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Reneé Rapp Details Most Rewarding Experience of Her Coming Out Journey
- Missouri Senate passes sweeping education funding bill
- These Republicans won states that Trump lost in 2020. Their endorsements are lukewarm (or withheld)
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Banning same-sex marriage is unconstitutional, a Japanese high court rules
Ranking
- North Carolina justices rule for restaurants in COVID
- Lost Your Keys Again? Get 35% off Tile Bluetooth Trackers
- Nevada Patagonia location first store in company's history to vote for union representation
- Cable TV providers will have to show total cost of subscriptions, FCC says
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Jimmie Allen and former manager agree to drop lawsuits following sexual assault claim
- Gerald Levin, the former Time Warner CEO who engineered a disastrous mega-merger, is dead at 84
- Manhattan D.A. says he does not oppose a 30-day delay of Trump's hush money trial
Recommendation
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
Inside Bachelor Alum Hannah Ann Sluss’ Bridal Shower Before Wedding to NFL’s Jake Funk
Best Buy recalls air fryers sold nationwide due to fire, burn and laceration risks
Watch David Beckham Laugh Off a Snowboarding Fail During Trip With Son Cruz
Senate begins final push to expand Social Security benefits for millions of people
Arizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site
Amazon’s Big Spring Sale Is Coming! Score Early Deals, like This $179 Facial Steamer for Just $29 & More
Hans Zimmer will tour US for first time in 7 years, hit 17 cities