North Carolina Ports achieves unprecedented growth in 2018 fiscal year

Date: Thursday, August 2nd, 2018
Source: AJOT

Wilmington, N.C. – North Carolina Ports moved a record number of containers through the Port of Wilmington during the 2018 fiscal year, which ended June 30. Wilmington recorded 38 percent year-over-year container growth and year-over-year general cargo growth is up 18 percent.

“This is an exciting time for North Carolina Ports. In the last few months of FY18 the Port of Wilmington handled a record number of containers, specifically during the month of March Wilmington recorded its highest month of container volume in the Authority’s history,” said NC Ports Executive Director Paul J. Cozza. “With NC Ports’ model of best in class gate truck turntimes coupled with our high crane productivity rates; it’s evident by these numbers that carriers, BCOs and truckers are taking notice.”

The Port of Morehead City also experienced growth in FY18 with a 20 percent year-over-year increase in general cargo. Overall, North Carolina’s ports in Wilmington and Morehead City achieved record financial results. FY18 was a record year for operating revenue – up 4 percent over NC Ports’ previous high in FY16.

“NC Ports’ record-setting growth is a significant accomplishment for not only the organization but the Carolinas,” added Cozza. “The Authority is an economic driver and our FY18 results reflect the major economic impact North Carolina’s ports have on the state.”

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