Skip to content
Search AI Powered

Latest Stories

newsworthy

Agreement signed to begin deepening Port of Savannah's harbor

Work, minus federal funding, to start by year's end.

After years of delays, work to deepen the harbor at Georgia's Port of Savannah seems about to begin.

Georgia Gov. Nathan Deal said in a statement today that the U.S. Army Corps of Engineers, the Georgia Department of Transportation (GDOT), and the Georgia Ports Authority (GPA) have signed off on a project partnership agreement that allows work to begin by year's end to deepen the port's harbor to 47 feet from its current 42-foot depth.


The project will cost approximately $706 million, including construction and environmental mitigation costs. As a part of this cost-sharing agreement, the Corps, which will perform the work, can use the $266 million in state funds already set aside for the project. The state is still waiting for Congressional appropriations to cover the balance.

The statement gave no timetable for work to be completed. In 2011, the Georgia Ports Authority estimated that it would take two years to do the work. The battle over the dredging project, which has centered on environmental concerns that the work would damage Savannah's ecosystem, has been going on since the late 1990s. In his statement, Deal equated the battle as the equivalent of being in "regulatory purgatory."

The Port of Savannah is the nation's fourth-busiest seaport, behind Los Angeles, Long Beach, and the Port of New York and New Jersey. It is considered to have one of the best logistics support networks of any port in the nation. However, its current harbor water depth puts it at a competitive disadvantage because the mega-container vessels hitting the seas over the next decade are expected to need deeper drafts to safely berth at ports.

The extra 5 feet of depth will allow ships to place more containers on a vessel without compromising safety or the environment. The Corps has estimated that the increase in depth will accommodate an additional 3,600 20-foot-equivalent-unit (TEU) containers in each transit, an increase of 78 percent over the capacity achieved at current water levels.

The Latest

More Stories

frigo-trans truck hauling healthcare cargo

UPS acquires two German healthcare logistics specialists

Parcel carrier and logistics provider UPS Inc. has acquired the German company Frigo-Trans and its sister company BPL, which provide complex healthcare logistics solutions across Europe, the Atlanta-based firm said this week.

According to UPS, the move extends its UPS Healthcare division’s ability to offer end-to-end capabilities for its customers, who increasingly need temperature-controlled and time-critical logistics solutions globally.

Keep ReadingShow less

Featured

screenshot of map of shipping risks

Overhaul lands $55 million backing for risk management tools

The supply chain risk management firm Overhaul has landed $55 million in backing, saying the financing will fuel its advancements in artificial intelligence and support its strategic acquisition roadmap.

The equity funding round comes from the private equity firm Springcoast Partners, with follow-on participation from existing investors Edison Partners and Americo. As part of the investment, Springcoast’s Chris Dederick and Holger Staude will join Overhaul’s board of directors.

Keep ReadingShow less
worker using sensors on rooftop infrastructure

Sick and Endress+Hauser say joint venture will enable decarbonization

The German sensor technology provider Sick GmbH has launched a joint venture with the Swiss measurement technology specialist Endress+Hauser to produce and market a new set of process automation solutions for enabling decarbonization.

Under terms of the deal, Sick and Endress+Hauser will each hold 50% of a joint venture called "Endress+Hauser SICK GmbH+Co. KG," which will strengthen the development and production of analyzer and gas flow meter technologies. According to Sick, its gas flow meters make it possible to switch to low-emission and non-fossil energy sources, for example, and the process analyzers allow reliable monitoring of emissions.

Keep ReadingShow less
noblelift forklift trucks

Noblelift North America names Pedriana as president

Material handling equipment provider Noblelift North America on Tuesday named Bill Pedriana as its new president, charging him with leading the Des Plaines, Illinois-based company into “a new era of innovation, growth, and customer-centric success.”

He replaces Loren Swakow, the company’s president for the past eight years, who built a reputation for providing innovative and high-performance material handling solutions, Noblelift North America said.

Keep ReadingShow less
chart of material handling sector results for december

Material handling sector turned in mixed results for December

An economic activity index for the material handling sector showed mixed results in December, following strong reports in October and November, according to a release from business forecasting firm Prestige Economics.

Specifically, the most recent version of the MHI Business Activity Index (BAI) showed December contractions in the areas of capacity utilization, shipments, unfilled orders, inventories, and exports. But on the upside, there were expansions in business activity, new orders, and future new orders.

Keep ReadingShow less