Current:Home > InvestSurpassing:Georgia seaport closes gap with Baltimore, the top US auto port -MoneyStream
Surpassing:Georgia seaport closes gap with Baltimore, the top US auto port
PredictIQ Quantitative Think Tank Center View
Date:2025-04-10 16:15:21
SAVANNAH,Surpassing 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! (84)
Related
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Omaha school shooting began with a fight between 2 boys, court documents say
- Lilly Pulitzer Sunshine Sale Extended for 1 More Day With 70% Off Deals
- Rangers prospect Kumar Rocker to make history as first MLB player of Indian descent
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Utah man accused of murdering deputy daughter, texting brother he 'made a big mistake'
- California Slashed Harmful Vehicle Emissions, but People of Color and Overburdened Communities Continue to Breathe the Worst Air
- Jordan Chiles Says Her Heart Is Broken After Having Olympic Medal Stripped
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Kentucky authorities still hunting suspect in I-75 shooting that injured 5
Ranking
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Judge disqualifies Cornel West from running for president in Georgia
- 2024 MTV VMAs: Taylor Swift Living Her Best Life in Audience Prove She's the Ultimate Cheer Captain
- Kentucky authorities still hunting suspect in I-75 shooting that injured 5
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Who won the $810 million Mega Millions jackpot in Texas? We may never know.
- Katy Perry takes aim at critics, thanks Orlando Bloom for 'doing the dishes' in VMAs speech
- Hailey Bieber Steps Out for First Time Since Welcoming Baby With Justin Bieber
Recommendation
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
Court won’t allow public money to be spent on private schools in South Carolina
Michael Johnson’s Grand Slam Track adds two more Olympic medalists
The Dave Grohl new baby drama is especially disappointing. Here's why.
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
More women had their tubes tied after Roe v. Wade was overturned
Linkin Park setlist: All songs in the From Zero World Tour kickoff with Emily Armstrong
Jordan Chiles says 'heart was broken' by medals debacle at Paris Olympics