PORT OF SAVANNAH

The Port of Savannah has recieved a large delivery of four towering new cranes on Thursday. The cranes will help load larger cargo ships at the container port.

Georgia officials have signed off on a plan to raise Savannah’s towering suspension bridge to make room for larger cargo ships to reach the city’s busy seaport.

The Port of Savannah plans a $410 million overhaul of one of its sprawling terminals to make room for loading and unloading larger ships.

As freight shipping prices fall on weak global demand, Asia-based sailings are being cancelled and that's becoming a problem for US ports including Long Beach.

The Port of Savannah has added another month to its streak of record cargo volumes amid a surge that's forced U.S. seaports to scramble to meet demand.

The U.S. economy grew last year at the fastest pace since Ronald Reagan’s presidency, bouncing back with resilience from 2020′s brief but devastating coronavirus recession.

The Port of Savannah is reporting record cargo volumes for 2021 thanks to a surge in trade that saw its container yard cramped for space and ships waiting at sea.

New virus outbreaks and China's zero-Covid policy will continue to stress supply chains for now, a report by trade credit insurer Euler Hermes said.

Top executives at multiple European blue-chip companies have told CNBC that supply chain problems, labor shortages and inflationary pressures have longer to run.

The U.S. trade deficit hit an all-time high of $80.9 billion in September as American exports fell sharply while imports, even with supply chain problems at American ports, kept climbing.

Toy companies are racing to get their toys onto store shelves ahead of the holidays as they face a severe supply-network crunch.

The U.S. trade deficit increased to a record $73.3 billion in August as a small gain in exports was swamped by a much larger increase in imports.

The U.S. economy expanded at a 6.7% annual pace from April through June, the Commerce Department said Thursday, slightly upgrading its estimate of last quarter’s growth in the face of a resurgence of COVID-19 in the form of the delta variant.

Georgia’s seaports handled record cargo volumes in the first month of the 2022 fiscal year.

Onlookers along Savannah’s downtown riverfront gawked as the largest cargo ship to ever visit an East Coast port sailed past Wednesday morning.

A federal agency said Tuesday that machines designed to inject extra oxygen for fish to breathe in the Savannah harbor passed a second round of tests that were required as part of the $973 million deepening of the shipping channel to the Port of Savannah. The Army Corps of Engineers released a 172-page report that concluded testing last summer found the injection machines successfully offset a small loss of dissolved oxygen in the water as the river gets deepened to make room for larger cargo ships. The Army Corps spent $100 million to build a pair of stations on the Savannah River equipped with large machines that suck in water, swirl it with oxygen pulled from the air and inject the mixture back into the river that’s home to blue crabs, striped bass and endangered shortnose sturgeon.

Cargo ships sit docked at the Port of Savannah in GeorgiaThe U.S. trade deficit fell in October to its lowest level in more than a year as exports and imports both slid for the month, the Commerce Department said Thursday. The deficit tumbled 7.6% to $47.2 billion from a revised print of $51.1 billion for September. Economists polled by Dow Jones expected the U.S. trade deficit to narrow to $48.5 billion in October. That decline was driven by fewer imports on products including cell phones, toys and games and passenger cars. That decline could signal a weakening U.S. consumer as the trade war with China rages on.

WSAV(CNN) - Customs agents seized $31 million worth of cocaine last week in Savannah, Georgia -- the largest cocaine seizure ever at the Port of Savannah. Officers found the cocaine, weighing 2,133 pounds, on a vessel from South America on October 29, US Customs and Border Protection announced Tuesday. When officers opened the container, they found 21 duffel bags containing a whopping 818 bricks of cocaine, the agency said. "I truly believe that we have disrupted these transnational organizations," said Christopher Kennally, Area Port Director Savannah, during a news conference Tuesday. Previously, the biggest cocaine seizure at the Port of Savannah took place in May, when officers seized 1,280 pounds of the drug.