Annual report, 2018


Port of Savannah customers enjoy superior speed to market across the booming Southeastern U.S. This extendedexposure photograph captures a rubber-tired gantry crane working the stacks at Garden City Terminal.

Georgia's thriving pro-business environment and unmatched logistics network create employment opportunities for our citizens and prosperity for the companies that locate here.
Thanks in part to our dynamic ports system, Georgia serves as a premier gateway to the Southeastern market and beyond, moving retail and manufactured goods to their destinations quickly and efficiently.
Across the state, we are expanding highways and creating dedicated truck lanes in a 10-year, $10 billion transportation improvement plan initiated in 2016. Through GPA's Network Georgia initiative, strategically located inland rail terminals will lower the cost of cargo movement and make port assets more accessible. These inland ports, along with growing rail infrastructure at the Port of Savannah, will add new transportation options for every region of Georgia.
These and other improvements will mitigate congestion, improve freight logistics and stimulate an already impressive state economy.

largest economy in the world. Georgia businesses produce a diversified variety of exports including chemicals, plastics, poultry, paper and aerospace products, which provide the foundation for longterm growth in the international marketplace.
As we continue to build on our past successes, the manufacturing sector acts as an important driver of statewide investment, attracting industry leaders from around the world. As the No. 1 state for business, Georgia has the highly skilled workforce, logistics infrastructure and the low cost of doing business necessary to attract new and expanding industry. These resources also strengthen Georgia companies' competitive edge in the global market.
With our logistics infrastructure, the Peach State is cultivating new international connections that will have a tremendous impact on Georgia's future. That strong international presence means Georgia is ready and able to support companies looking to achieve new levels of success through global commerce.

According to the International Monetary Fund, if the state of Georgia were an independent nation, it would rank behind Sweden as the 25th



Port activity in Georgia supports one out of every 11 jobs across the state.

The deepwater ports of Savannah and Brunswick are catalysts of opportunity.
They enable expansion of existing business, lure new investors and jobs to our state, and ensure competitiveness on the global stage.
Our ports are the central hub in a network of connections. On one side is the broadest array of international ocean shipping routes available on the U.S. East Coast. On the other are unmatched links to road and rail transit that expedite cargo to important inland markets.
To understand the scale of the Georgia Ports Authority's impact on economic development, consider the number of jobs related directly and indirectly to port activity. Georgia's ports support nearly 440,000 full- and part-time jobs across the state, according to the latest study by the Selig Center for Economic Growth at the University of Georgia's Terry College of Business.
That represents an increase of 70,000 jobs (up 19 percent) compared to findings from the previous report covering FY2014. Employment growth related to port activity accounts for one in five jobs added in Georgia from FY2014 to FY2017.

Solid support from new and existing customers has made the Port of Savannah the fastest growing container port in the nation for the past decade. The Port of Brunswick is now the second busiest U.S. port for the import-export of cars, trucks and tractors.
Based on the proven foundation of Georgia's supply chain infrastructure and GPA's track record of success, we are confident the Authority's economic impact will continue to grow.
The expansion of our facilities and the significant progress made on the Savannah Harbor deepening are setting the stage for a new era in which GPA will move more cargo and serve a larger cross section of the nation.
The Georgia Ports Authority board has planned investments decades into the future. Through continual improvements to equipment and infrastructure, Georgia's ports will stay ahead of the curve, and the competition.



By 2028, the Port of Savannah will grow its ship-to-shore crane fleet from 30 to 42 cranes.

In Fiscal Year 2018, the Georgia Ports Authority handled record cargo while making important strides to support the future of business expansion in the Peach State and beyond.
FY2018 was the first in which the Port of Savannah handled more than 4 million twenty-foot equivalent container units -- an amazing feat not matched by any other terminal in North America.
However, we are not resting on past accomplishments. Instead, the GPA, along with our state and federal partners, are building the infrastructure necessary to accommodate growing trade through Georgia's deepwater ports.
The U.S. Army Corps of Engineers has reached the midpoint of the Savannah Harbor Expansion Project, and by late 2021 will deliver a deeper harbor and improved efficiency for Neo-Panamax vessels transiting the channel.

need to take advantage of Georgia's central location in the fast-growing Southeastern U.S. The nation's single largest autoport, Colonel's Island handled approximately 600,000 units of autos and heavy machinery in FY2018.
The GPA has also established the Appalachian Regional Port in Murray County, Ga. This rail facility in Northwest Georgia lowers the cost of moving cargo to and from the Port of Savannah, while taking 50,000 trucks per year off the road. GPA plans a series of similar inland rail terminals across the state in order to extend the supply chain efficiencies of rail to more customers.
At Georgia Ports, we're building toward a dynamic future of opportunity. Significant expansion in terminal infrastructure will extend the reach and increase the capacity of cargo handling at the ports of Savannah and Brunswick over the next decade.

At Garden City Terminal, the Authority is conducting a massive rail expansion that will enable the Port of Savannah to capture new business through direct service to population centers across the Midwest.

Our continuous improvement means customers can rest assured that the Georgia Ports Authority is prepared to support their growth through unrivaled capability and customer service.

In Brunswick, we are expanding and repurposing existing property at Colonel's Island Terminal to provide the additional space automakers



At 1,200 acres, the Port of Savannah features the largest single-operator terminal in the Western Hemisphere.


As the nation's largest single-terminal operation, the Port of Savannah's 1,200-acre footprint eliminates the need to move between smaller terminals, delivers greater flexibility in staging cargo, and provides nine containership berths.

The Port of Savannah handled a record 4.2 million twenty-foot equivalent container units in Fiscal Year 2018, for an impressive 8.4 percent increase year-over-year, or 325,000 additional units.

To better accommodate the larger vessels now calling on Savannah, the Georgia Ports Authority commissioned four new Neo-Panamax ship-to-shore cranes in FY2018 at Garden City Terminal, bringing its fleet to 30 -- the most of any single terminal in North America. Six additional cranes arrive in 2020. The upgrade will allow GPA to move nearly 1,300 containers per hour across a single dock.
BETTER CONNECTIONS An effective port requires not only on-terminal efficiency, but also the ability to quickly move cargo to inland markets and a broad global reach to deliver exports to foreign buyers.

The Port of Savannah's Garden City Terminal also offers 35 weekly container ship services, behind only New York-New Jersey on the U.S. East Coast. (Norfolk, 26; Charleston, 25)
Better connections by road and rail mean cargo moves to and from the hinterlands without congestion delays.
To conveniently serve distribution centers and manufacturers across the U.S. Southeast, the container port is within six miles of Interstate 95 and Interstate 16, with both accessible via four-lane parkway.
Featuring two on-terminal rail yards, the Port of Savannah is the region's busiest intermodal gateway, handling 38 trains per week of import and export cargo. In FY2018, intermodal rail lifts surged to 435,000, an increase of 16.1%, or more than 60,000 additional moves, another record for the GPA.
Savannah's location 100 miles closer to Atlanta than any other port makes the terminal the perfect partner for the longtime rail-hub.


The Port of Savannah features more ship-to-shore cranes than any other U.S. terminal.

In Fiscal Year 2018 alone, 29 port-related projects came to Georgia, bringing more than $1 billion in investment and 4,741 jobs.


According to the report authored by Dr. Jeffrey Humphreys, port activity accounted for 11 percent of Georgia's total sales in FY2017, reaching $106 billion.

Georgia's ports support 439,220 full- and part-time jobs across the state, according to a study released by the Selig Center for Economic Growth at UGA's Terry College of Business.
Based on Fiscal Year 2017 impacts, the figure represents an increase of 70,000 jobs (up 19 percent) compared to the previous report covering FY2014. Georgia ports now account for 9 percent of total state employment, or one out of 11 jobs. Personal income derived from port-supported jobs totaled $25 billion statewide in FY2017.

The Terry College of Business study found that maritime trade amounts to $44 billion in state gross domestic product, or 8 percent of Georgia's total GDP. Business conducted through the ports resulted in $5.9 billion in federal taxes, $1.4 billion in state taxes and $1.5 billion in local taxes, according to the report.
The findings are a testament to the powerful, positive impacts that trade through Georgia's ports have supporting not only business opportunity, but important infrastructure and services funded through tax proceeds on every level of government.


The Port of Brunswick features three berths for Roll-on/Roll-off vessels.


The Georgia Ports Authority has initiated a series of infrastructure projects that will increase capacity and provide new opportunities in Roll-on/Roll-off cargo handling at the Port of Brunswick.

The Port of Brunswick is the single largest and second busiest U.S. hub for automotive trade, handling nearly 600,000 units in FY2018.

By August 2019, GPA will add 60 dockside acres to the Ro/Ro operation. The new space will increase car storage by 8,250 spaces. GPA also plans to add a new cross-terminal road linking the three vessel berths, as well as a new access road between the docks and the island's south side. These improvements will offer a more direct route to existing auto processing lots and new development on the south end of the terminal.

The new dockside expansion will also double GPA's rail capacity and give Brunswick the ability to build up 10,000-foot long unit trains

on terminal. These longer trains make direct service over greater distances more attractive to Brunswick's Class I rail roads, CSX and Norfolk Southern. This will allow the Port of Brunswick to expand service in markets west of the Mississippi River and into the American Midwest. Vehicles crossing the Brunswick docks are already moving west in significant numbers, with 16,000 units sent to California from Brunswick and more than 4,500 to Texas during FY2018.
Over the past three years, the GPA has added 250 acres, for a total of 550 acres of leasable space for auto processing at Colonel's Island Terminal. Current annual capacity in Brunswick is more than 800,000 units. GPA's plan is to utilize an additional 400 acres to bring annual throughput capacity to 1.5 million vehicles in the coming years.


In this photo illustration, the new 60-acre area to be added to auto processing on Colonel's Island is highlighted in blue. Construction on the new space will be complete in October 2019.

At the Mason Mega Rail Terminal, eight rail-mounted gantry cranes will serve 18 working tracks.

Norfolk Southern arrival track and CSX rail switching will be rerouted away from residential areas and onto Garden City Terminal, enabling the free flow of traffic around the port.
Statewide, the Mason Mega Rail project will take 200,000 trucks a year off the road.
Norfolk Southern will grow from 250,000 annual lift capacity to 400,000 by the fall of 2019
James Allgood CSX will Cgrohwaifrromma16n0,o00f0tahnenuBalolifat cradpacity to 224,000 lift capacity by the end of 2019, and to 350,000 in 2020
Phase II of the project will expand storage capacity, bringing the terminal's total annual rail lift capacity to 1 million containers by 2028.
Eight rail-mounted gantry cranes will each span nine tracks for improved efficiency moving containers from trains to on-terminal jockey trucks.
The Mason Mega Rail project is funded in part by a $44 million U.S. Department of Transportation FASTLANE grant administered by the Maritime Administration.


Construction on the Port of Savannah's Mason Mega Rail Terminal is well under way. The expansion will double the Port of Savannah's rail lift capacity to 1 million containers per year, and open new markets spanning an arc of cities from Memphis to St. Louis, Chicago to Cincinnati.
When complete, the Mason Mega Rail Terminal will feature a total of 180,000 feet of rail and 18 working tracks, with the capability to build 10,000-foot unit trains on terminal. This will allow GPA to bring all rail switching onto the terminal, avoiding the use of nearly two dozen rail crossings -- including those on Ga. Highways 21 and 25 -- for improved vehicle traffic flow.

The project is a game changer, cutting rail time to the American Midwest by 24 hours, and presenting a viable new option for many manufacturers, shippers and supply chain professionals.
Unit trains make direct routes to distant markets more attractive for the railroads, a major factor in how the Mason Mega Rail Terminal will improve Savannah's reach.
Customers will start to see results from the project with the completion of Phase 1 by the fall of 2019. By the end of 2020, Phase II will complete the project, making Mason Mega Rail the largest onterminal rail complex for a port in North America.


The Appalachian Regional Port is the latest step in the Georgia Ports Authority's Network Georgia initiative, which will establish inland ports across the state.
This initiative builds on the largest inland intermodal complex in the eastern third of the United States -- the rail hub of Atlanta -- by adding hubs around Georgia with direct access to Georgia's deepwater ports.
Network Georgia will create a web of rail connections, making access to the port easy and convenient. Based on cargo demand, GPA will work with regional and state leaders to improve connectivity, which will also spur economic development across Georgia.
As the Appalachian Regional Port will do for North Georgia, the inland terminals of Network Georgia will deliver more, and better, access to a rail solution -- lowering the bottom line of doing business in the regions served, and reducing pressure on Georgia roadways.

Just as the deepwater terminals in Savannah and Brunswick are economic engines for the state, the Appalachian Regional Port in Murray County will drive growth in Northwest Georgia.

The Appalachian Regional Port, GPA's new inland terminal, is now open for business. It represents a world of opportunity for retailers and manufacturers in the region spanning Northwest Georgia, Northeast Alabama, Tennessee and Kentucky.
The ARP serves both manufacturing and retail customers, providing a more efficient connection linking the four-state territory to the Port of Savannah.
Handling both import and export cargo, the facility effectively extends Savannah's terminal gates by 350 miles, providing a reliable, low-cost logistics option.
Movement by rail reduces per-container transport expenses, making Savannah an even better choice for customers in the region. Improved rail connectivity allows more businesses to take advantage of the port's broader menu of shipping lines, services and destinations.

By providing a reliable source of empty containers for our export customers -- and low-cost cargo transport to and from the coast -- the ARP helps customers solve supply chain challenges.
The ARP's 42-acre site is adjacent to U.S. 411 and within easy reach of I-75. Instead of having to make the roundtrip to the coast, truckers can now drop their cargo at the inland port, allowing for more truck loads over a shorter distance.
The Appalachian Regional Port is already taking trucks off the road and will take up to 50,000 long-haul trucks off Georgia highways each year. Each round-trip container moved via the ARP will offset more than 700 truck miles on Georgia highways.
This inland terminal concept is a better way to take advantage of the state's 4,700 miles of railway seamlessly connecting cities with seaports.




In February 2018, the U.S. Army Corps of Engineers completed outer harbor dredging at the Port of Savannah, marking the midpoint of the Savannah Harbor Expansion Project. Inner harbor dredging is the last major portion. The federal government has provided $101.12 million to continue SHEP construction into 2019.

Fierce competition in the global marketplace means U.S. exporters must take advantage of every opportunity to trim costs in transportation and logistics.
An important part of a more competitive future for American made goods is a deeper harbor at the Port of Savannah to better accommodate vessels carrying more than 14,000 twenty-foot equivalent container units (TEUs).

Deepening the inner harbor to 47 feet at low tide (54 feet at high tide) will allow Neo-Panamax vessels to take on heavier loads and transit the Savannah River with greater scheduling flexibility.
These more efficient Neo-Panamax vessels provide much lower container slot costs. A U.S. Army Corps of Engineers economic impact study estimates the deepening's net benefit in transportation savings for shippers and consumers at $282 million per year. The expected total savings to the nation over the course of 50 years is $14.1 billion.
The projected finish date for the Savannah Harbor Expansion Project is late 2021.


James Allgood Chairman of the Board
For every dollar spent on construction, the Savannah Harbor Expansion Project will return 7.3 dollars to the nation's economy through savings on cargo transportation.

The nation's busiest export terminal for frozen poultry, Savannah now handles chilled produce from South America.

















Through steady investment over a period of years, the Georgia Ports Authority has established the most extensive refrigerated cargo infrastructure on the U.S. East Coast. At present, the Port of Savannah features 104 electric-powered refrigerated container racks, which accommodate 2,496 containers at a time. By March 2019, the GPA will add 15 racks, and 360 slots.
The additional infrastructure will bring Savannah's refrigerated container capacity to 3,341, counting 485 plug-ins for chilled containers on chassis. Savannah's extensive capacity for chilled and frozen cargo has helped the port become the busiest import-export terminal in the Southeast for refrigerated containers.
Currently, the Port of Savannah handles cold-treated produce from Peru, Uruguay and Argentina. For importers, landing product closer to the consumer market reduces transit time, creating a much more efficient supply chain and reducing overall cost.


Savannah already has a strong, established outbound refrigerated market. Forty percent of all frozen poultry exported out of the United States moves through the Port of Savannah, making Garden City Terminal the nation's busiest export terminal for frozen poultry.
Loaded inbound refrigerated boxes reduce repositioning costs, delivering savings to our ocean carriers, importers and exporters.
On-terminal inspection facilities for U.S. Customs & Border Protection and the Department of Agriculture speed the inspection process for chilled cargo.

Because Savannah is hundreds of miles closer than its Northeastern counterparts to major markets across the Southeast, landing chilled cargo at Garden City Terminal cuts transportation times by five to seven days. The shorter transit delivers fresher produce to consumers, saves fuel and reduces emissions.
Through reliable operations, and efficient and timely inspections of perishable products, GPA is establishing Savannah as a new gateway to the U.S. Southeast for perishable cargo.

GPA is working with USDA and USCBP to expand the number of commodities and countries that can use Savannah as a port of entry. Blueberries are the latest addition to an expanding portfolio, which now includes imported mangos, citrus, grapes, avocados, bananas, apples and pears.

FROZEN Gulf States Cold Storage: 155,000 square feet
Lineage Logistics: 345,000 sf AGRO Merchants: 400,000 sf
CHILLED PortFresh Logistics: 100,000 sf


AS OF JUNE 30, 2018, 2017, AND 2016

Current Assets Capital Assets Other Long-Term Assets TOTAL ASSETS DEFERRED OUTFLOWS OF RESOURCES
Current Liabilities Long-Term Debt Other Non-Current Liabilities TOTAL LIABILITIES DEFERRED INFLOWS OF RESOURCES
Net Investment in Capital Assets Unrestricted TOTAL NET POSITION

FY2018 _______
$429,292 1,141,563 27,169 _______
$1,5_9_8__,0_2_4_ $40,808
$49,509 -
74,772 _______ $_1_2_4_,_2_8_1 $15,715
$1,141,563 357,273 _______

FY2017 _______

FY2016 _______









$1,4_6__9_,5_5_4_ $1,383,854



$57,353 -
92,617 _______ $_14__9_,9_7_0_

$55,924 29,257 87,644
_______ $_1_7_2_,8_2_5_

$1,068,045 299,854 _______

$1,018,917 $234,651 _______ $1,_2_5_3_,5_6_8_


Operating Revenues Operating Expenses
Operating Income
Non-Operating (Expense) Capital Contributions Repaid to the State of Georgia Capital Contributions Extraordinary Item CHANGE IN NET POSITION

FY2018 _______
$426,382 291,963 _______ 134,419
(3,668) (4,735)
4,921 -
_______ $_13__0_,9_3_7_


Cash Flows from Operating Activities Cash Flows from Investing Activities Cash Flows from Non-Capital Financial Activities Cash Flows from Capital and Related Financing Activities Net Increase in Cash and Cash Equivalents BALANCES BEGINNING OF THE YEAR BALANCES END OF THE YEAR

$203,615 86,759 (2,417)
(137,362) _______ 150,595 214,443 _______
$365,038 _______

FY2017 _______
$372,983 259,687 _______ 113,296
(3,518) (4,508)
9,911 (850) _______ _$_11_4_,_3_3_1
$133,632 (397)
(2,270) (102,445)
_______ 28,520 185,923
_______ $214,443

FY2016 _______
$346,263 242,086 _______ 104,177 (3,317) (9,656) 5,770 6,754 _______ $_1_0_3_,7_2_8_
$153,541 (552)
(5,201) (124,011) _______
23,777 162,146 _______ $185,923 _______


The Georgia Ports Authority has unveiled a new workforce development initiative, the Youth learning Equipment and Safety program, or YES, created to hire and train high school graduates for careers in the port industry.
"At the GPA, we are not only focused on expanding capacity on and off our terminals, but we are committed to finding, training and retaining the next generation of port professionals," said Georgia Ports Authority Executive Director Griff Lynch.
The new hires will shadow experienced workers and learn forklift, truck and container equipment operations. Training will also include safety and readiness inspections for jockey trucks, radio and equipment use, and safe work practices.
The program involves both hands-on and classroom instruction.

"Through our YES program, we are hiring promising young people who are ready to get to work," Lynch said. "In today's market, we have to do more than search for qualified applicants -- we have to be willing to train the workers we need. Maintaining a well-qualified workforce is critical to remaining competitive."
GPA Board Chairman Jimmy Allgood said the enhanced employee training policy places the GPA in a leadership role among the nation's ports. "At Georgia Ports, we're setting the right example by creating opportunities for young people to enter a career that will allow them to support themselves and their families over the long term," Allgood said.

"The young people joining GPA today will be able to learn from the best in the business as they find their niche within our operation. We hope to increase the number of high school graduates hired through the YES program next year. Those who are interested in taking part should reach out to their school administrators for more information."
Lise Altman Senior Director of Human Resources Georgia Ports

The first six employees hired through the program were referred to GPA by school administrators after taking classes and expressing interest in a logistics career.

Aimed at developing additional equipment operators, the training will take one year. Participants will be paid during the training period, with a pay increase upon completion of the training.


GPA's YES program is aimed at training new equipment operators.