After two years of disruptions creating a flux of cargo and inventory, the Port of Savannah operators are finally able to breathe. A recent report has stated that the container trade has reduced in demand and volume, affording port employees a nice change of pace. “Container trade at U.S. ports is returning to a more sustainable growth pattern, which is a positive development for the logistics industry,” GPA Executive Director Griff Lynch said in a news release. According to the GPA, the decline in demand can be attributed to the impact of inflation causing consumer spending to slow. Weather has also played a role in the decrease, as the Savannah River channel was closed to the largest vessels when the East Coast was hit by Tropical Storm Nicole. An article published by Freight Waves reports on the volume decline in greater detail, outlining the percentages of the freight decreases.
To read the article, click here.
