The Port of Savannah is reporting a third straight month of near 30% growth -- an unheard of pace for East Coast ports.
Ports up and down the Atlantic coast are reporting single-digit, zero or negative growth, but this week, the Georgia Port Authority told its board that the Savannah port grew at 29% or 30% compared to last year each month for the last three months. September traffic was the port's third-highest monthly total ever.
Port officials attribute the record totals to a weakening dollar making exports more attractive, market trends shifting away from West Coast ports and the Georgia Ports ability to handle such large traffic increases. They don't expect the 30% numbers to continue, however. They say, the winter months will bring another market shift and a tempering of Savannah traffic growth
The Port of Savannah is the fourth-busiest and fastest-growing container terminal in the United States.
Ports up and down the Atlantic coast are reporting single-digit, zero or negative growth, but this week, the Georgia Port Authority told its board that the Savannah port grew at 29% or 30% compared to last year each month for the last three months. September traffic was the port's third-highest monthly total ever.
Port officials attribute the record totals to a weakening dollar making exports more attractive, market trends shifting away from West Coast ports and the Georgia Ports ability to handle such large traffic increases. They don't expect the 30% numbers to continue, however. They say, the winter months will bring another market shift and a tempering of Savannah traffic growth
The Port of Savannah is the fourth-busiest and fastest-growing container terminal in the United States.
