Current:Home > InvestGeorgia seaport closes gap with Baltimore, the top US auto port -WealthGrow Network
Georgia seaport closes gap with Baltimore, the top US auto port
Benjamin Ashford View
Date:2025-04-10 14:42:31
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! (381)
Related
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Sherpa guide Kami Rita scales Mount Everest for 29th time, extending his own record again
- King Charles III Shares He’s Lost His Sense of Taste Amid Cancer Treatment
- Super Bowl champion Chiefs will open regular season at home against Ravens in AFC title game rematch
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Mother’s Day is a sad reminder for the mothers of Mexico’s over 100,000 missing people
- Vast coin collection of Danish magnate is going on sale a century after his death
- Everlane’s Latest Capsule Collection Delivers Timeless Classics That Are Chic, Stylish & Vacation-Ready
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Olivia Munn reveals she had a hysterectomy amid breast cancer battle
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Violence is traumatizing Haitian kids. Now the country’s breaking a taboo on mental health services
- Lysander Clark's Journey into Quantitative Trading
- Jury selection to begin in the corruption trial of Sen. Bob Menendez
- All That You Wanted to Know About She’s All That
- Somalia wants to terminate the UN political mission assisting peace efforts in the country
- Haitians demand the resignation and arrest of the country’s police chief after a new gang attack
- Texas mom's killer is captured after years on the run. Where did he bury her body?
Recommendation
Bodycam footage shows high
North Korean leader Kim supervises latest test of new multiple rocket launcher
Smoke from Canadian wildfires brings poor air quality to Minnesota Monday, alert issued
Indigenous fashion takes the runway with an eye to history — and the future
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
Forgotten Keepers of the Rio Grande Delta: a Native Elder Fights Fossil Fuel Companies in Texas
Lysander Clark's Journey into Quantitative Trading
Fox to the 'Rescue' this fall with 'Baywatch'-style lifeguard drama, 'Murder in a Small Town'