Current:Home > reviewsGeorgia seaport closes gap with Baltimore, the top US auto port -Elite Financial Minds
Georgia seaport closes gap with Baltimore, the top US auto port
View
Date:2025-04-17 17:20:53
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! (76415)
Related
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Texas man made $1.76 million from insider trading by eavesdropping on wife's business calls, Justice Department says
- NYC journalist's death is city's latest lithium-ion battery fire fatality, officials say
- United Daughters of the Confederacy would lose Virginia tax breaks, if Youngkin signs off
- Grammy nominee Teddy Swims on love, growth and embracing change
- 15-year-old from Massachusetts arrested in shooting of Vermont woman found in a vehicle
- Cam Newton involved in fight at Georgia youth football camp
- Three-man, one-woman crew flies to Florida to prep for Friday launch to space station
- Average rate on 30
- NFL scouting combine 2024: How to watch workouts for NFL draft prospects
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- When is forgetting normal — and when is it worrisome? A neuroscientist weighs in
- Officials honor Mississippi National Guardsmen killed in helicopter crash
- Mohegan tribe to end management of Atlantic City’s Resorts casino at year’s end
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Shannen Doherty Shares How Cancer Is Affecting Her Sex Life
- Network founded by Koch brothers says it will stop spending on Nikki Haley's presidential campaign
- MLB rumors: Will Snell, Chapman sign soon with Bellinger now off the market?
Recommendation
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
Chris Gauthier, character actor known for 'Once Upon a Time' and 'Watchmen,' dies at 48
Supreme Court hears social media cases that could reshape how Americans interact online
AT&T to offer customers a $5 credit after phone service outage. Here's how to get it.
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
Consumers are increasingly pushing back against price increases — and winning
Legendary shipwreck's treasure of incalculable value will be recovered by underwater robot, Colombia says
Meet Grace Beyer, the small-school scoring phenom Iowa star Caitlin Clark might never catch