Current:Home > StocksGeorgia seaport closes gap with Baltimore, the top US auto port -Mastery Money Tools
Georgia seaport closes gap with Baltimore, the top US auto port
PredictIQ View
Date:2025-04-08 20:51:41
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! (52)
Related
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Who’s running for president? See a rundown of the 2024 candidates
- 98 Degrees Reveals How Taylor Swift Inspired Them to Re-Record Their Masters
- Proof Lady Gaga and Michael Polansky Breakup Rumors Were a Perfect Illusion
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Stop whining about Eagles' 'Brotherly Shove.' It's beautiful. Put it in the Louvre.
- The Crown Season 6 Premiere Dates Revealed in New Teaser
- Bachelorette's Michelle Young Seemingly Debuts New Romance After Nayte Olukoya Breakup
- Sam Taylor
- Death of Atlanta deacon who was electrically shocked during arrest ruled a homicide
Ranking
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Free condoms for high school students rejected: California Gov. Gavin Newsom vetoes bill
- Powerball jackpot winners can collect the $1.5 billion anonymously in these states
- Travis Kelce’s Niece Wyatt Is a Confirmed “Swiftie” in Adorable Video Amid Taylor Swift Dating Rumors
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- 12-year-old Texas boy convicted of using AR-style rifle to shoot, kill Sonic worker
- Julia Fox Says Kanye West Offered to Get Her a Boob Job
- As poverty spikes, One Warm Coat, Salvation Army coat donations are more important than ever
Recommendation
Trump invites nearly all federal workers to quit now, get paid through September
Robert F. Kennedy Jr. announces he's ending Democratic primary campaign to run as independent
Dwayne 'The Rock' Johnson responds to Maui wildfire fund backlash: 'I could've been better'
Savannah Chrisley Details Taking on Guardianship of Her Siblings at Age 26
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Kenya court temporarily bars security forces deployment to Haiti for two weeks
Bachelor Nation's Astrid Loch Gives Birth, Welcomes Baby No. 2 With Husband Kevin Wendt
Simone Biles Didn’t Think She’d Compete Again Before Golden Gymnastics Comeback