Georgia Ports Authority moved record TEUs in April

Last month marked the busiest April ever for the Georgia Ports Authority (GPA), with the Port of Savannah moving 356,700 twenty-foot equivalent units (TEUs) for the month.

That figure marked a 7.1 percent increase over April 2017. So far this fiscal year, GPA has moved more than 3.4 million TEUs total, an 8.8 percent increase over the first 10 months of FY2017.

"We're on track to move more than 300,000 TEUs in every month of the fiscal year, which will be a first for the authority," said GPA Executive Director Griff Lynch in a press release. "We're also anticipating this to be the first fiscal year for the Port of Savannah to handle more than 4 million TEUs."

Over the past decade, the Port of Savannah has achieved a compound annual growth rate of more than 5 percent. The port is the fastest growing U.S. container port, GPA officials said.

To prepare for the growth, the GPA has approved $66 million in terminal upgrades, including $24 million for the purchase of 10 additional rubber-tired gantry trains.

In FY2017, GPA moved a record 3.85 million TEUs.