Download JAXPORT's 2016 Annual Report.
To request a hard copy, call (904) 357-3052 or send us an email.
JAXPORT earned $58.4 million in operating revenues in FY 2016, up 5.8 percent over last year, the port’s 16th consecutive year of operating revenue growth. In addition, strong expense side management allowed JAXPORT to hold operating expenses steady at $30 million in FY16. The port earned $28.1 million in operating income during the same period, a 11 percent increase over FY15.
Successes include record-setting tonnage; record-setting container volumes due in large part to significant Asian container growth; impressive gains in both imported vehicle and breakbulk cargo volumes and the continued diversification of JAXPORT trade lanes and commodities. These advances have helped prompt well-known brands and international industry leaders to establish and consolidate operations in Jacksonville.
The past year’s financial results reflect JAXPORT’s positive year operationally. JAXPORT facilities moved a record 968,279 containers or twenty-foot equivalent units (TEUs) in FY 2016. Container volume has grown 37 percent since 2008, making JAXPORT one of the few U.S. seaports to experience year over year growth during the same period.
When combined with the volumes from private users of the harbor, Jacksonville maintains its rank as Florida’s number one container port.
JAXPORT recorded 19 growth in Asian container shipments in FY16, moving 336,791 twenty foot equivalent units (containers) compared to 283,164 the previous year. The Asian container trade is the fastest growing segment of JAXPORT’s container cargo business, accounting for 34 percent of the port’s total container business in 2016. The port has recorded an average of 21 percent annual growth in Asian container volumes during the past five years.
A record total of 8.7 million tons of cargo shipped through JAXPORT facilities in FY16 and the port saw 1,782 vessels call in the same period.
Moody’s Investors Service recently assigned JAXPORT a financial rating of “A2” while Fitch Ratings assigned JAXPORT a rating of “A.” Both agencies noted that despite challenging economic conditions, JAXPORT maintained its competitive position as a strategically located container port, its status one of the nation’s largest vehicle processing centers, and its diverse revenue streams supported by long-term contracts with private tenants.
JAXPORT has a significant capital program planned for FY 2017, much of it funded through state and federal grants. These projects include wharf rehabilitation projects at both Blount Island and Talleyrand Marine Terminals, improvements to tenant leaseholds at Talleyrand, new business development projects, final touches on Blount Island’s three new container cranes and the first stages of deepening the Jacksonville Harbor to 47 feet.
Learn more at JAXPORT.com/projects.