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Container traffic at Port of Baltimore hits new highs in September

  • ​Overall container traffic at the Port of Baltimore over the past year hit a new high in September: 938,182 TEUs (twenty-foot equivalent unit). Annual loaded TEU volume, excluding empty containers, broke 700,000 units for the first time ever in September. Rising traffic propelled the Port of Baltimore to be named the Journal of Commerce’s fourth fastest growing North American port in 2016.
  • The port is taking steps to accommodate the increase in traffic. Ports America Chesapeake recently ordered six additional rubber-tyred gantry (RTG) cranes for the Seagirt Marine Terminal, which are set to be delivered in the first quarter of 2018. Earlier in the year, the Maryland Port Administration (MPA) spent $54.4 million for 70 acres to expand operations at Seagirt. The acquisition was the first new land purchase for the MPA since 1987.
  • The growth of container traffic and flow of goods through the Port of Baltimore will help to sustain momentum in the region’s warehousing sector, which has posted record net absorption year-to-date of 6.2 million square feet. Submarket’s in close proximity to the Seagirt Marine Terminal and northern submarkets along I-95 stand to benefit the greatest.​

Source: JLL Research​

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