News and Events

2016 Second Busiest Year for Georgia Ports

Posted by on Jan 16, 2017 in FTZ News, Georgia News | 0 comments

Georgia’s ports were on track to declare 2016 as its second busiest year. Although import and export volume was down for much of the year, the ports experienced an increase in traffic volume during the second part of the year. According to Griff Lynch, Executive Director of the Georgia Ports Authority, Georgia’s ports have benefited from the reopening of the Panama Canal,...

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FTZ #26 Operator Pratt & Whitney to Invest $65 Million in Columbus, GA. Facility

Posted by on Jul 18, 2016 in FTZ News, Georgia News | 0 comments

In June, 2016, the Georgia Department of Economic Development announced the significant investment of Pratt & Whitney, a world leader in aircraft design. The $65m initiative will go toward retrofitting and equipping their Columbus Engine Center to perform PurePower® Geared Turbofan™ (GTF) engine maintenance on-site. “As the GTF engine continues to enter into service, it is critical that we...

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GA Partnership and New Port in Jasper Co., SC

Posted by on Jun 13, 2016 in FTZ News, Georgia News | 0 comments

Late in 2015, the Georgia and South Carolina Ports Authorities signed a joint venture agreement toward development of the new Jasper Ocean Terminal (JOT). Together, the two states created a framework for cultivating a terminal design and planning the supporting infrastructure, as well as anticipating financing options and plans for execution. In May 2016, Ga. officials approved $7.5 million...

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World FZO’s 2nd Annual Free Zone of the Future Conference

Posted by on May 26, 2016 in FTZ News | 0 comments

May 2016 marked the World Free Zones Organization’s second annual World FZO conference and exhibition, held this year in Dubai, UAE. The three-day international conference and exhibition, entitled “Global Value Chain: Opportunities for the Free Zone of the Future,” hosted nearly 700 attendees from over 76 countries. Speakers included the UAE Minister of Economy, the Chairperson of the World...

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Panama Canal Expansion a Boon for Georgia Shipping

Posted by on May 3, 2016 in FTZ News, Georgia News | 0 comments

By late June 2016, the $5.25 billion expansion of the Panama Canal should be complete. Although two years behind schedule, the expansion is good news for Georgia’s economy, according to logistics and shipping expert Curtis Spencer. “I see this as a gamechanger pretty soon,” noted Spencer, the president of IMS Worldwide, in a speech at the annual Georgia Logistics...

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Savannah Sees Record Growth in Containerized Trade

Posted by on Apr 6, 2016 in FTZ News, Trade News | 0 comments

In February, 307,035 twenty-foot equivalent container units (TEUs) were moved through Garden City Terminal at the Port of Savannah, according to Georgia Ports Authority (GPA) Executive Director Curtis Foltz. Compared to the same month in 2015, this figure notes an eight percent volume growth in containerized trade. The Executive Director said in a March 21 press release that this...

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Deputy Commissioner at the GDEcD Explains Why Georgia is So Attractive to International Companies

Posted by on Mar 7, 2016 in FTZ News, Georgia News | 0 comments

In early February, the Deputy Commissioner of Global Commerce for the Georgia Department of Economic Development (GDEcD), Tom Croteau, discussed what factors make Georgia so attractive to international companies. Not only are companies eager to do business in the United States, but they also want to be a part of the “vibrant marketplace” we host. The U.S. Southeast is...

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Global Atlanta’s Export Stories Recap (January 21, 2016)

Posted by on Feb 22, 2016 in FTZ News | 0 comments

At Global Atlanta’s second annual Export Stories conference on January 21, company representatives shared stories on the setbacks, obstacles, and advantages that come with participating in the global marketplace. The conference, sponsored by the Atlanta Metro Export Plan (MEP), is a part the MEP’s ongoing effort to encourage companies to generate attainable and profitable international sales strategies. While the...

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TPP Expected to Boost US Economy

Posted by on Feb 10, 2016 in FTZ News, Trade News | 0 comments

Approved by Congress in October 2015, the Trans-Pacific Partnership (TPP) is expected to increase incomes, exports, and trade growth in the United States. The pact joins twelve Pacific Rim countries and promises to liberalize trade in the megaregion, which already accounts for 36 percent of international trade. Proponents claim it will significantly boost the U.S. economy, and while it...

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Panama Canal Expansion Project Near Completion, Despite Setbacks

Posted by on Jan 25, 2016 in FTZ News, Trade News | 0 comments

The Panama Canal expansion project is projected to finally conclude by mid-2016, although canal authorities have not yet released a commercial opening date. The $5.25 billion project, originally projected for completion in October 2014, has been subject to a number of trials including labor strikes, leaking locks, and legal disputes between the Panama Canal Authority (ACP) and the Grupo...

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