Credit: GA Ports
Retailers, manufacturers increase May volumes
JUNE 13, 2024 – A strengthening retail market combined with business from new customers is driving substantial growth at the Port of Savannah.
The Georgia Ports Authority handled 490,330 twenty-foot equivalent container units in May, an increase of 22 percent or nearly 90,000 TEUs over the same month a year ago.
“Major retail customers tell Georgia Ports they have increased their orders to rebuild inventories and to meet rising consumer demand,” said GPA President and CEO Griff Lynch. “Additionally, we’ve seen an increase in trade among Tier 1 suppliers for the new Hyundai Meta Plant, which also added to our May container volumes.”
While there have been reports of congestion at Southeast U.S. ports, Lynch said there is no congestion in Savannah. read more…