Current:Home > MarketsGeorgia seaport closes gap with Baltimore, the top US auto port -WealthConverge Strategies
Georgia seaport closes gap with Baltimore, the top US auto port
View
Date:2025-04-17 22:10:50
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! (7243)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Harris and Walz are kicking off a 2-day bus tour in Georgia that will culminate in Savannah rally
- NCT member Taeil leaves K-pop group following sexual offense allegations
- Killings of invasive owls to ramp up on US West Coast in a bid to save native birds
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- NCT member Taeil leaves K-pop group following sexual offense allegations
- Court revives Sarah Palin’s libel lawsuit against The New York Times
- Fantasy football: Ranking 5 best value plays in 2024 drafts
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Death toll is now 8 in listeria outbreak tied to Boar’s Head deli meat, CDC says
Ranking
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Reports: Veteran pitcher Rich Hill to rejoin Red Sox at age 44
- Simone Biles Poses With All 11 of Her Olympic Medals in Winning Photos
- Defense seeks to undermine accuser’s credibility in New Hampshire youth center sex abuse case
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Memphis, Tennessee murder suspect crashes through ceiling as US Marshals search for him
- US Open: Cyberbullying remains a problem in tennis. One player called it out on social media
- US Open: Iga Swiatek and other tennis players say their mental and physical health are ignored
Recommendation
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
The Most-Shopped Celeb Recommendations This Month: Kyle Richards, Porsha Williams, Gabby Douglas & More
Soccer Player Juan Izquierdo Dead at 27 After Collapsing on the Field
Breaks in main water pipeline for Grand Canyon prompt shutdown of overnight hotel stays
In ‘Nickel Boys,’ striving for a new way to see
Slow down! Michigan mom's texts to son may come back to haunt her
'After Baywatch': Carmen Electra learned hard TV kissing lesson with David Chokachi
Nvidia's financial results are here: What to expect when the AI giant reports on its big day