GPA Surpasses Two Million TEUs in FY06

The Georgia Ports Authority (GPA) announced its fiscal year end results with all key business sectors reporting positive growth for the year. The Port of Savannah handled 2,041,789 Twenty Foot Equivalent Unit containers (TEUs) in FY06, an increase of 15.9 percent from the previous year. Total GPA intermodal rail lifts also rose 23.1 percent for the year. Auto and machinery units handled by the GPA totaled 376,446, an increase of 8.2 percent. A record 368,475 units were handled at the Colonel’s Island Terminal alone. Highlights from FY06 (July 2005 – June 2006) include: The completion of Phase One of Container Berth 8, part of the largest single container facility in the USA; the GPA Board of Directors approved an $82.6m capital improvement program which will include four Super Post-Panamax Cranes, 15 Rubber-Tired Gantry Cranes, and numerous other container yard and auto processing improvements; an ambitious rail expansion program was approved that will increase rail capacity at the Port of Brunswick by 100 percent; both Target and IKEA announced a total of four million additional square feet of distribution space at the Savannah International Trade Park, four miles from the Garden City Terminal at the Port of Savannah; and several new shipping services were added at the Port of Savannah, a 20-year agreement with Maersk Line and a 15-year agreement with CMA CGM were signed.