JAXPORT container volumes continue double-digit growth
The port's Asian and Puerto Rican businesses record major increases in new fiscal year
JAXPORT achieved double-digit growth in container volumes in the first two months of fiscal year 2018, moving 204,492 twenty-foot equivalent units (TEU, the industry standard for measuring containers), compared to 165,571 TEU during the same period in FY2017. JAXPORT's fiscal year runs Oct. 1 through Sept. 30.
JAXPORT's Asian container volumes continue to grow, up 13 percent in the first two months of the fiscal year, with more than 65,227 TEU moved.
Over the past five years, JAXPORT has recorded an average of 21 percent annual growth in Asian container volumes. A federal project to deepen the Jacksonville shipping channel to 47 feet to accommodate more cargo aboard the largest ships is set to begin construction in early 2018.
The port's Puerto Rican volumes grew nearly 40 percent during this period with 125,537 TEU moved, up from 90,244 during the same time last year. As the primary U.S. port for trade with Puerto Rico, JAXPORT and its partners are on the frontlines of supplying relief aid to the residents following Hurricane Maria's devastation in late September.
The port is also recording double-digit growth in vessel calls and total tonnage, each up 19 percent
Last year, JAXPORT and private users of the harbor moved more than 1.3 million TEU, making Jacksonville the No. 1 container port complex in Florida.
Learn more about JAXPORT's container business at JAXPORT.com/Containers.