16 Mar SE Ports Planning for Growth
The growth in SE ports is expected to continue into 2023 and beyond, as more companies look for alternatives to the West Coast for their shipping needs. According to the Journal of Commerce, the Port of Savannah handled a record-breaking cargo volume—nearly 4 million TEUs. To meet this demand, both the port and Georgia Ports Authority (GPA) are looking at ways to upgrade their infrastructure and improve operations.
In addition to Savannah’s impressive gains, other ports have also seen significant growth recently. The Port of Virginia has experienced double-digit increases year-over-year since 2019. Container volumes there increased by 22%. Similarly, in South Carolina’s Port of Charleston container volumes increased by 11%, and the Port of Jacksonville is expecting to see a 15-20% increase in cargo volume
The growth in southeast ports is being driven primarily by companies looking for an alternative to the West Coast, as well as those who want to gain access to new markets on the East Coast. In particular, Savannah is drawing attention from Southeast Asia exporters, who are increasingly using it as a gateway into the US because of its proximity to intermodal connections and its ability to quickly turn around vessels. Additionally, companies have been attracted by GPA’s commitment to environmental stewardship and responsible logistics practices.
These ports are actively courting shippers by updating infrastructure, adding employees, investing in new equipment and technologies and expanding with the future in mind. It remains to be seen whether this growth will continue now that the e-Commerce boom has slowed as consumer spending is lagging.
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