Wilmington, N.C. – Continuing a recent trend of growth, The North Carolina State Ports Authority experienced a 7.7 percent increase year-over-year with February’s containerized cargo volumes. This comes off of an 8.3 percent increase year-over-year in January.
“Last year we broke the Authority record in terms of TEUs moved due to a number of new services, diversions and our lack of congestion,” Chief Executive Officer Paul J. Cozza said. “This year we’ve been able to sustain that positive momentum with our best-in-class efficiencies and superior customer service.”
The Authority enjoyed a banner year in fiscal 2015 with an 18% increase in containerized cargo volumes year-over-year. By container volume growth percentage, North Carolina’s Ports are among the fastest growing on the U.S. East Coast.
In addition, the Authority is moving forward with a $100 million investment in infrastructure improvements. With new cranes, an enhanced berth, a wider turning basin and further expansion on the way, North Carolina’s Ports will improve upon its operational efficiencies to keep cargo moving and congestion at bay. Specifically, the Port of Wilmington will be prepared to handle post-Panamax vessels up to the 10,000 TEU class by this summer.
“The Authority has ample capacity to support cargo volumes today and into the future,” Chief Commercial Officer Greg Fennell said. “With an ideal location, significant investment, modern facilities, and our lack of congestion we stand ready to help our customers succeed.”
Extensive growth can also be seen on the general cargo side at North Carolina’s Port of Morehead City. Total tonnage is up 19 percent year-over-year through February due to an influx of new accounts, including imported grains.
North Carolina’s Ports in Wilmington and Morehead City, plus inland terminals in Charlotte and in Greensboro, link the state’s consumers, businesses and industry to world markets, and serve as magnets to attract new business and industry while receiving no direct taxpayer subsidy. Port activities contribute statewide to 76,000 jobs and $700 million each year in state and local tax revenues.