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Released December 07, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Amid rising container activity at cargo ports across the U.S., Industrial Info is tracking about $5 billion worth of active capital projects under construction at U.S. cargo ports, more than 60% of which is attributed to expansion projects.
Container activity at the ports of Los Angeles and Long Beach, which handle about 40% of all cargo containers entering the U.S., are on the rise. November container activity jumped 7% and 14.7% year-over-year, respectively, due to a variety of factors. The ports reported a drop of 27% and 26.4% year-over-year, respectively, in July.
Industrial Info is tracking projects underway at the two ports, which includes the $200 million Phase 1 that is part of the multi-phase construction of Long Beach's new Pier B On-Dock Rail Support Facility; the facility is intended to double the port's capacity to handle cargo by train. Phase 1 involves the initial rail work on the first arrival, departure, and storage tracks. The entire facility is expected to be completed by 2032. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can click here for the project report.
Other ports also are getting in on the action. Last month, the Georgia Ports Authority (GPA) announced its Port of Savannah handled 5% more container units in October compared with October 2019, "the most recent year not affected by the pandemic." According to the GPA, the port is the closest and fastest port (by rail) to major cities such as Atlanta, Georgia; Birmingham, Alabama; Charlotte, North Carolina; Memphis, Tennessee; and Orlando, Florida. Additionally, containers moved by rail grew by 9% at the port's Garden City Terminal in October, an increase of nearly 4,000 containers to 47,750.
Industrial Info is tracking a $200 million Phase 2 expansion of the Garden City Terminal West, which is expected to wrap up around the end of 2024. The project entails constructing 100 new acres of container storage, with an in/out gate complex, which will add 1 million twenty-foot equivalent units (TEUs) of annual capacity. Subscribers can read a detailed project report.
Also underway is a $365.7 million expansion of the ship channel at Alabama's Port of Mobile. The project, which received state and federal funding to cover the costs, entails deepening the existing 45-foot-deep and 400-foot-wide channel, among other work. It also involves widening the channel's portion in Mobile Bay, an inlet of the Gulf of Mexico, from 400 feet to 500 feet. The project has an estimated completion date of early 2025. Click here to read the project report.
In an October statement to Mobile television station WPMI, President of the Mobile Chamber of Commerce, Bradley Bryne, said the project will make the port's ship channel "the deepest and the widest on the Gulf of Mexico in less than two years."
A non-expansion project underway is aimed at upgrading a Texas port: the Port of Brownsville, located at the southernmost tip of Texas, with cargo moving across both sides of the U.S.-Mexico border. It is connected to the Gulf of Mexico by the 17-mile-long Brazos Island Harbor ship channel, and the port is a "prominent shipper of steel, refined petroleum products, grain, aggregates, among other products supporting diverse industries located in 12 Mexican states," according to the port website. The $302 million upgrade project involves increasing the depth of the channel by dredging it to a depth of 52 feet from the current 42 feet and adding navigational aids to accommodate larger cargo vessels and to increase the port's capabilities, among other work. Click here for more information.
Subscribers to Industrial Info's GMI Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
Container activity at the ports of Los Angeles and Long Beach, which handle about 40% of all cargo containers entering the U.S., are on the rise. November container activity jumped 7% and 14.7% year-over-year, respectively, due to a variety of factors. The ports reported a drop of 27% and 26.4% year-over-year, respectively, in July.
Industrial Info is tracking projects underway at the two ports, which includes the $200 million Phase 1 that is part of the multi-phase construction of Long Beach's new Pier B On-Dock Rail Support Facility; the facility is intended to double the port's capacity to handle cargo by train. Phase 1 involves the initial rail work on the first arrival, departure, and storage tracks. The entire facility is expected to be completed by 2032. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can click here for the project report.
Other ports also are getting in on the action. Last month, the Georgia Ports Authority (GPA) announced its Port of Savannah handled 5% more container units in October compared with October 2019, "the most recent year not affected by the pandemic." According to the GPA, the port is the closest and fastest port (by rail) to major cities such as Atlanta, Georgia; Birmingham, Alabama; Charlotte, North Carolina; Memphis, Tennessee; and Orlando, Florida. Additionally, containers moved by rail grew by 9% at the port's Garden City Terminal in October, an increase of nearly 4,000 containers to 47,750.
Industrial Info is tracking a $200 million Phase 2 expansion of the Garden City Terminal West, which is expected to wrap up around the end of 2024. The project entails constructing 100 new acres of container storage, with an in/out gate complex, which will add 1 million twenty-foot equivalent units (TEUs) of annual capacity. Subscribers can read a detailed project report.
Also underway is a $365.7 million expansion of the ship channel at Alabama's Port of Mobile. The project, which received state and federal funding to cover the costs, entails deepening the existing 45-foot-deep and 400-foot-wide channel, among other work. It also involves widening the channel's portion in Mobile Bay, an inlet of the Gulf of Mexico, from 400 feet to 500 feet. The project has an estimated completion date of early 2025. Click here to read the project report.
In an October statement to Mobile television station WPMI, President of the Mobile Chamber of Commerce, Bradley Bryne, said the project will make the port's ship channel "the deepest and the widest on the Gulf of Mexico in less than two years."
A non-expansion project underway is aimed at upgrading a Texas port: the Port of Brownsville, located at the southernmost tip of Texas, with cargo moving across both sides of the U.S.-Mexico border. It is connected to the Gulf of Mexico by the 17-mile-long Brazos Island Harbor ship channel, and the port is a "prominent shipper of steel, refined petroleum products, grain, aggregates, among other products supporting diverse industries located in 12 Mexican states," according to the port website. The $302 million upgrade project involves increasing the depth of the channel by dredging it to a depth of 52 feet from the current 42 feet and adding navigational aids to accommodate larger cargo vessels and to increase the port's capabilities, among other work. Click here for more information.
Subscribers to Industrial Info's GMI Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
