PortMiami posts increase in containerized cargo trade

PortMiami posts increase in containerized cargo trade

PortMiami, working with partner Florida East Coast Railway (FECR), posted a 15% increase in containerized cargo movements for its 2015 fiscal year with a total of 1,007,800 TEUs (20-foot equivalent units) during the 12-month period ending September 30, 2015.

Asian trade at PortMiami is on the rise with multiple weekly services from Miami to Asia through three of the world’s four major carrier alliances including the 2M, O3, and G6.

PortMiami is already capturing new trade thanks to more than $1 billion of capital infrastructure projects now complete. The port now offers Super Post-Panamax gantry cranes that can service cargo vessels up to 22 containers wide and up to nine containers above deck and 11 containers below. A new fast-access tunnel connects the port directly to the US Interstate Highway System, providing rapid turnaround time for movement of import and export goods.

Investing in on-dock intermodal rail at PortMiami, featuring 9,000 feet of linear track, FECR runs multiple daily trains to and from the port, providing truck-like service to both import and export shippers.

“FECR currently moves around 45,000 containers annually at PortMiami and has the available capacity to handle up to 225,000 boxes yearly,” said Jim Hertwig, FECR president and chief executive officer. Together the port and FECR move a variety of goods including fresh and frozen food products.

Establishing on-dock intermodal rail service has opened new markets for the port and FECR. It has allowed containers at PortMiami to load directly onto awaiting trains, with FECR delivering truck-like service via its Cocoa terminal and FEC Highway Services (the railroad’s trucking arm) to central Florida markets such as Orlando. Through FECR’s connection to the national rail network via efficient interchange with two Class 1 railroad in Jacksonville, the partners offer delivery within the Southeast in two days, and can reach 70% of the US population (124 million) within four days.

With Florida continuing to grow and the increased TEU movements PortMiami is seeing, FECR has taken additional steps in order to be big ship-ready alongside its port partner. Increasing available power by purchasing 24 new GE ES44C4 Tier 3 locomotives in 2014, and working to double-track the majority of its 351-mile mainline track from Jacksonville to Miami to provide additional schedules trains.

“More than 10% of the TEUs handled at PortMiami are now delivered to or depart from the docks via an FECR train, an amount that could reach 25% when the larger post-Panamax vessels call at PortMiami,” said Hertwig.

A completed dredge project now allows the port to accommodate the largest container vessels sailing the oceans. These include neo-Panamax vessels that can carry up to 14,000 TEUs that will be able to transit the new Panama Canal when the project is completed in April 2016.

Go to www.portmiami.biz or www.fecrwy.com for further information.

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