Port Of Savannah’s $3 Billion Investment Plan Paves The Way For New, Lower Cost, Efficient And Consistent Rail Service Between The East Coast Port And The St. Louis Region
The St. Louis Regional Freightway and the Port of Savannah are forging a partnership to create a new connection between the St. Louis, Mo. region and the largest single-terminal container facility in the western hemisphere. In response to record movement of 4.3 million TEUs (20-foot equivalent units) in fiscal year 2017, the Port of Savannah is investing $3 billion to increase its containerized cargo capacity from 5 to 8 million TEUs by 2028. The investment will accelerate the efforts of the nation’s third busiest container gateway to better support retailers and manufacturers and distribute more goods to and from the interior of the United States. The growing Port of Savannah has identified the St. Louis region as a key import/export market to which containers can consistently be distributed at a lower cost for shippers.
An important component of the Port of Savannah’s development plan is a new $220 million rail terminal that will be the largest on-terminal rail facility in North America by 2020. The rail expansion will improve efficiency and double terminal rail lift capacity to approximately 1 million containers per year. The unit train capacity on terminal will build density into the system, and enable rail providers CSX and Norfolk Southern to deliver faster, more frequent rail service to Midwest markets, including St. Louis, where both rail companies already have established intermodal yards. Both are Class 1 railroads and two of the seven largest rail companies in the nation, providing a direct link between the Port of Savannah on the East Coast and the St. Louis region in America’s heartland. To read more, visit St. Louis Regional Freightway.
Posted: May 29, 2019