Georgia Ports Authority (GPA) reported a 4% decrease in its December box volumes handling 422,300 TEUs and a 16% decline in its 2023 container throughput with 4.9 million TEUs.
Higher inflation rates and interest rates affecting consumer spending and resulting in elevated inventories in warehouses were the main reasons for this container decline, according to the port authority.
Meanwhile, GPA’s Mason Mega Rail intermodal facility is experiencing growth, with a 10% increase in volumes during the...
https://container-news.com/georgia-ports-near-5-million-teus-in-2023/