Southern Ports Break Records as Panama Canal Anniversary Nears
Southern ports are experiencing a record foreign trade boom thanks in part to an expanded Panama Canal that permits Asian cargo ships to reach them more easily.
June 19, 2017 at 11:00 PM
2 minute read
Southern ports are experiencing a record foreign trade boom thanks in part to an expanded Panama Canal that permits Asian cargo ships to reach them more easily.
Georgia Ports Authority and the Port of Virginia, which include the nation's fourth and fifth largest ranked by volume, respectively, each moved the most cargo they have ever handled in May. The two ports posted more than 10 percent year-over-year volume growth for the month.
They aren't alone. South Carolina Ports Authority, which includes Charleston, had its best ever month in March and overall volume from last July through May is up 9.4 percent compared to the previous July to May period.
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