Rail News: Mar. 12th, 2024

Port of Savannah’s First Two Months of 2024 Sees Significant Growth

Intermodal business is booming at the Port of Savannah so for this year, as the port reaches a near 40% year-over-year increase in February.

“The percentage of our loads leaving on the rail has risen from about 15% a year ago to 19% in February, so our rail share has risen several percentage points,” Ed McCarthy, Georgia Ports Authority COO told the JOC. Meaning, 19% of GPA’s February container trade was moved via rail, the remaining was moved by truck.

GPA continues to make big investments in rail infrastructure, as they target more share of the market in places like Dallas, Memphis, and more.

Total Weekly U.S. Rail Traffic for the Week Ending March 2nd, 2024

  • Total weekly rail traffic was 483,138 carloads and intermodal units – an increase of 3.9 percent compared to the same time last year, per AAR data.
  • U.S. weekly intermodal volume was 262,732 containers and trailers – up 12 percent.
  • Motor vehicles and parts, metallic ores and metals, and miscellaneous carloads all saw increases. While coal and non-metallic minerals saw decreases.
  • Rail volume in North America in the first nine weeks of this year was 5,792,102 carloads and intermodal units – up slightly at 0.9 percent.
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