The Port of New Orleans announces record container growth

The Port of New Orleans announces record container growth

The Port of New Orleans has announced its impressive performance for the third quarter of fiscal year 2024, boasting a remarkable 19 percent increase in moving a total of 133,845 twenty-foot equivalent units compared to the previous year. This quarter’s container volume marks a record high not seen since the supply chain disruptions in 2021. The surge in containerised import volumes can be attributed in part to Port NOLA’s strategic investments, including the addition of four new ship-to-shore container cranes, enhancing throughput efficiency.

Brandy D. Christian, president & CEO of Port NOLA and CEO of New Orleans Public Belt, attributes this record growth to innovative logistic solutions amid supply chain disruptions. The strategic alignment with NOPB uniquely positions New Orleans as the only U.S. city where deep-draft shipping intersects directly with a rail gateway serving six major Class 1 railroads.

During the third quarter of fiscal year 2024, loaded imports surged by 19 percent, while loaded exports rose by 16 percent year over year. Port NOLA’s top import commodities include coffee from South America and Southeast Asia, various chemicals from Mexico and North Europe, and wood products such as plywood from Asia and South America. Meanwhile, top export commodities comprise plastics like PVC, chemical products to North Europe, and paper to Central America. Moreover, there were 100 vessel calls during this quarter, representing a 5 percent increase compared to the same period last year.

Amanda Coates, chief commercial officer at Port NOLA, highlights the upward trend in reliability in weekly ocean carrier services, translating into steadier volumes from month to month compared to previous quarters.

In addition to its stellar performance in container handling, Port NOLA set a new record for its container-on-barge service, moving 20,500 containers by barge during the calendar year 2023, the highest since the service commenced in 2016. This partnership with the Port of Greater Baton Rouge and Ingram Marine Group forms the largest container-on-barge network in the U.S., connecting New Orleans, the Port of Greater Baton Rouge, Memphis, and St. Louis.

Furthermore, Port NOLA’s new downriver container terminal, the Louisiana International Terminal, poised to commence construction next year, represents a significant advancement in expanding Louisiana’s import and export capacity. Equipped with state-of-the-art green technologies, including shore power to reduce vessel emissions by up to 98 percent, LIT embodies the port’s commitment to sustainability and environmental stewardship.

Port NOLA’s recent accolade of $7,117,567 from the Federal Highway Administration’s Reducing Truck Emissions at Port Facilities Grant programme underscores its dedication to sustainable transportation infrastructure. This federal funding will be utilised to reduce truck congestion and emissions at Port terminals, fostering workforce development and educational opportunities for future technicians in collaboration with Nunez Community College and the Urban League of Louisiana.

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6 May 2024