Port of Jacksonville volume falls 5pc to 1.27 million TEU in FY2020
THE Jacksonville Port Authority (JAXPORT) posted a five per cent year-on-year decline into container year volume in financial year 2020 to 1
THE Jacksonville Port Authority (JAXPORT) posted a five per cent year-on-year decline into container year volume in financial year 2020 to 1.27 million TEU, reported the American Journal of Transportation.
JAXPORT, one of the nation's most diversified ports, also moved nearly a total of 547,500 vehicles during the year, maintaining its position as one of the nation's busiest vehicle-handling ports.
An increase in US military vehicle movements at the port helped to offset the industry-wide decline in commercial shipments due to the temporary shutdown of auto manufacturing over the summer caused by the coronavirus.
Despite major global supply and demand challenges due to Covid-19, the port's revenue remained steady in FY20, at more than US$65.1 million, down seven per cent for the year.
'Our employees, union workers, tenants, and port partners have all done a tremendous job keeping the goods we all depend on moving uninterrupted through JAXPORT during this time,' said JAXPORT CEO Eric Green.
In addition to being Florida's No 1 container port and the nation's second-busiest vehicle handling port, JAXPORT other cargoes include breakbulk, dry and liquid bulk, heavy lift, refrigerated cargo, forest products, high and heavy, liquefied natural gas (LNG), and US military cargo.