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East Coast Ports Positioned for Growth

SAVANNAH, GA-Billions are being invested in new industrial sites, Jones Lang LaSalle reports.

By Carl Cronan | Updated on August 31, 2009

SAVANNAH, GA-East Coast port markets with deep-draft channels and sufficient intermodal networks are poised to capture the greatest market share in years to come, according to a new report issued by Chicago-based Jones Lang LaSalle. The Port of Savannah, the fastest-growing in the US, is among those expected to benefit most, along with New York/New Jersey and Virginia.

Ports are undertaking massive capital investments to remain competitive once international trade rebounds, JLL states in its Ports, Airports and Global Infrastructure report. In the meantime, supply is outpacing demand in many markets and weak global trade flows have destabilized US port growth, the report states.

“Despite the global economic downturn, many US ports are investing billions of dollars to position themselves for future strategic growth,” says Craig Meyer, managing director and head of JLL’s industrial practice. Over the past 15 years, he notes, globalization and technology have revolutionized the way goods are transported around the planet.

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