Georgia Ports Authority’s Port of Savannah handled 337,359 TEUs in May, a decrease of 9.7 percent or 36,000 TEUs compared to the same month a year ago.
For the fiscal year to date through May 2020, GPA’s container trade was slightly behind its FYTD2019 performance, at 4.1 million twenty-foot equivalent container units, a decrease of 18,670 or 0.5 percent. Total cargo for the period from July 2019 through May 2020 reached 34.7 million tons, an increase of nearly 350,000 or 1 percent. Rail lifts at the Appalachian Regional Port grew 286 percent to 24,668.
While these results are not what we hoped for at the start of the fiscal year, they are better than expected after the global impact of COVID-19 on both production and demand. Additionally, we’ve seen a continued reduction in voided sailings, with vessels arriving via the Panama Canal carrying greater than average loads and exports holding up well.
By July 1, our first two rail-mounted gantry cranes will be commissioned to work the Port of Savannah’s Mason Mega Rail Terminal. Spanning nine tracks, the machines speed the transition of containers between trains and trucks. The new RMGs are the first of eight that will serve Class I railroads Norfolk Southern and CSX on the port’s expanded rail infrastructure.
The Mason Mega Rail project will double annual rail capacity at Garden City Terminal to 2 million TEUs, increasing the number of working tracks from 8 to 18.
GPA remains focused on building for the future because we are confident in the long-term success our customers will achieve through the greater efficiency of Georgia’s deepwater terminals.