Container Traffic at Selected East Coast Ports, 1990-2013
Gateway ports of the North American East Coast have
experienced a renewed dynamic with the growth of global trade
all-water services with Asia through the Panama Canal.
This trend mostly played itself out between 2002 and 2008.
The port of Savannah benefited substantially from this trend and
experienced a strong growth; by 2008 it
handled about 2.6 million TEU. After a decline to 2.3 M TEU in
2009 related to the financial crisis, traffic recovered to 3.0 M
TEU in 2013. Savannah surpassed competing ports, namely Charleston and
Hampton Roads to become the most important East Coast port after
New York. However, New York is essentially a local cargo port
with the bulk of its traffic related to the metropolitan area,
especially imports. An important factor
behind Savannah's growth is the dynamism of its logistics cluster and the strong
export function of the port.