Skip to content
Search AI Powered

Latest Stories

Port of Savannah sees 27% rise in January cargo moved by rail

Overall volume for the month grew by 1.5% in TEUs, as port serves more inland customers

georgia 230516-Mega-Rail-5-FOR-RELEASE.jpeg

Cargo moved by rail at the Port of Savannah reached 47,132 containers in January, an increase of 10,000 boxes, or 27%, that shows the facility’s increasing ability to deliver cargo to inland customers via freight trains, the Georgia Ports Authority (GPA) said today.

Overall, GPA handled 428,000 twenty-foot equivalent container units (TEUs) in January, an increase of 6,300 containers, or 1.5% compared to the same month last year. 


According to GPA, those figures show the payoff from its recent infrastructure investments, such as a $220 million Mason Mega Rail project it completed last year, providing 24 miles of on-terminal track. The facility also agreed in December to spend $127 million to build an inland rail terminal in Gainesville, Georgia, that will link Northeast Georgia with the Port of Savannah’s 35 global container ship services.

“Customers 250 miles inland and greater are tapping Savannah as their port of choice for ag exports, manufacturing components, and retail goods,” GPA President and CEO Griff Lynch said in a release. “The investments we’ve made in rail capacity have not only increased the number of containers the Port of Savannah can handle each year, but extended our reach to new markets that can be served effectively by Garden City Terminal.” 

“Areas such as Atlanta, Dallas, and Memphis rely on the Port of Savannah to handle import and export goods with speed and efficiency. Our improved capacity means businesses across these important markets can grow their trade through Georgia,” Lynch said.
 

 

 

 

The Latest

More Stories

FedEx Freight truck hauling trailers

Analysts praise FedEx move to spin off its LTL division

Freight market analysts are applauding FedEx’s announcement yesterday that it will spin off its FedEx Freight division within the next 18 months, creating a new publicly traded company that will overnight become the country’s largest less-than-truckload (LTL) carrier.

According to FedEx, the proposed breakup will create flexibility for the two companies to handle the separate demands of the global parcel and the LTL markets. That approach will enable FedEx and FedEx Freight to deploy more customized operational execution, along with more tailored investment and capital allocation strategies. At the same time, the two companies will continue to cooperate on commercial, operational, and technology initiatives.

Keep ReadingShow less

Featured

From pingpong diplomacy to supply chain diplomacy?

There’s a photo from 1971 that John Kent, professor of supply chain management at the University of Arkansas, likes to show. It’s of a shaggy-haired 18-year-old named Glenn Cowan grinning at three-time world table tennis champion Zhuang Zedong, while holding a silk tapestry Zhuang had just given him. Cowan was a member of the U.S. table tennis team who participated in the 1971 World Table Tennis Championships in Nagoya, Japan. Story has it that one morning, he overslept and missed his bus to the tournament and had to hitch a ride with the Chinese national team and met and connected with Zhuang.

Cowan and Zhuang’s interaction led to an invitation for the U.S. team to visit China. At the time, the two countries were just beginning to emerge from a 20-year period of decidedly frosty relations, strict travel bans, and trade restrictions. The highly publicized trip signaled a willingness on both sides to renew relations and launched the term “pingpong diplomacy.”

Keep ReadingShow less
forklift driving through warehouse

Hyster-Yale to expand domestic manufacturing

Hyster-Yale Materials Handling today announced its plans to fulfill the domestic manufacturing requirements of the Build America, Buy America (BABA) Act for certain portions of its lineup of forklift trucks and container handling equipment.

That means the Greenville, North Carolina-based company now plans to expand its existing American manufacturing with a targeted set of high-capacity models, including electric options, that align with the needs of infrastructure projects subject to BABA requirements. The company’s plans include determining the optimal production location in the United States, strategically expanding sourcing agreements to meet local material requirements, and further developing electric power options for high-capacity equipment.

Keep ReadingShow less
map of truck routes in US

California moves a step closer to requiring EV sales only by 2035

Federal regulators today gave California a green light to tackle the remaining steps to finalize its plan to gradually shift new car sales in the state by 2035 to only zero-emissions models — meaning battery-electric, hydrogen fuel cell, and plug-in hybrid cars — known as the Advanced Clean Cars II Rule.

In a separate move, the U.S. Environmental Protection Agency (EPA) also gave its approval for the state to advance its Heavy-Duty Omnibus Rule, which is crafted to significantly reduce smog-forming nitrogen oxide (NOx) emissions from new heavy-duty, diesel-powered trucks.

Keep ReadingShow less
chart of global trade forecast

Tariff threat pours cold water on global trade forecast

Global trade will see a moderate rebound in 2025, likely growing by 3.6% in volume terms, helped by companies restocking and households renewing purchases of durable goods while reducing spending on services, according to a forecast from trade credit insurer Allianz Trade.

The end of the year for 2024 will also likely be supported by companies rushing to ship goods in anticipation of the higher tariffs likely to be imposed by the coming Trump administration, and other potential disruptions in the coming quarters, the report said.

Keep ReadingShow less