JAXPORT volumes rebound in FY2021 first quarter
The Jacksonville Port Authority (JAXPORT) saw vehicle and container volumes rebound during the first quarter of the port’s new fiscal year, which began on Oct. 1. Strong demand for consumer goods and vehicles attributed to the port’s solid first-quarter results.
Global recovery in the automobile manufacturing industry is driving growth for the port’s vehicle volumes, which grew 7% year-over-year in the first quarter. More than 185,513 vehicles have moved through JAXPORT so far in FY21, marking the second-busiest quarter for vehicles in the port’s history.
JAXPORT’s container volumes are also rebounding, up 5% year-to-date in FY21. Nearly 353,400 twenty-foot equivalent units (TEUs, the industry standard for measuring containers) moved through JAXPORT during the first quarter of FY21, making it also one of the port’s busiest first quarters on record for container volumes.
“We strive to be a resource for shippers as they adapt to supply chain challenges related to the pandemic,” said JAXPORT CEO Eric Green. “As consumer trends continue to shift, and ecommerce grows, efficiency becomes increasingly important. The investments we are making in our facilities ensure we can maximize all of the efficiencies Jacksonville offers, including our fast access to the growing Southeast consumer market.”
A number of JAXPORT’s major growth projects will be nearing completion in 2021.
Contractors for the U.S. Army Corps of Engineers continue to make significant progress on the federal project to deepen the Jacksonville shipping channel to 47 feet from its current depth of 40 feet. Completion through Blount Island is anticipated in 2022, three years ahead of its original schedule.
The deepening project includes construction of a new vessel turning basin to allow larger ships to turn at Blount Island berths. In addition, more than $100 million in berth enhancements to allow Blount Island to simultaneously accommodate two post-Panamax ships will be completed around the same time as the deepening project.
JAXPORT is Florida’s largest container port by volume and one of the nation’s top vehicle-handling ports. The port offers service to more than 140 ports in 70 countries, fast access to 70 million U.S. consumers, and a shipping channel wide enough for two ships to pass at the same time.
