Financial Reports

Download JAXPORT’s 2023 Annual Report.

Total operating revenues for fiscal year 2023 were $65,747, a 7% increase over prior year. Total container volumes in 2023 were 1,313,487 TEUs (twenty-foot equivalent units), a 1% increase over fiscal year 2022 TEUs of 1,298,132. These results reflect the scheduled construction and modernization of 93 acres to
accommodate international cargo volumes at deep-water berths, a multi-year project with expected completion in 2025. Additionally, at fiscal year-end 2023, the Authority has 88 acres under construction for a new auto processing facility. Scheduled completion of the auto facility is 2025. In 2023, auto units totaled 505,665 compared to 553,029 units last year. Auto revenues for fiscal year 2023 were $14,555, down 4% from prior year revenues. Cruise operations experienced its first full year of cruise activity since 2019 with a total of 74 cruises and total revenues of $6,501, compared to $2,562 in 2022.

2023 Year In Review and Looking Ahead

  • JAXPORT took several major steps forward in 2023 to strengthen its current book of business and prepare for future business development, including: Close out of the 47 ft. harbor deepening project.
  • Delivery of three new tenant-provided 100-gauge electric cranes installed at newly constructed deep-water berths.
  • Expansion and modernization of a major container terminal (93 acres), with all funding sources coming from tenant and federal grants (estimated completion date 2025).
  • Design and development of a new auto terminal, concurrent with a new 30-year contract, to include a total 88 acres, construction underway in 2023. All funding for construction provided by tenant and state grants (estimated completion date 2025).
  • Partnering with sister agency, Jacksonville Electric Authority, to begin design and construction of the raising of the power lines spanning the Jacksonville Harbor from 174 ft. operational clearance to 205 ft. This project is funded by both state and local grants, and funding from the Authority.

Rating agencies Moody’s Investors Service and Fitch Ratings currently report JAXPORT credit ratings of A2 and A, respectively, Outlook Stable for both.
As exhibited in the Fiscal Year 2023 Annual Report, JAXPORT continues to strive for disciplined fiscal stewardship focused on maintaining strong cash balances, controlled expenses, while managing its conservative debt profile.

Additional Links

JAXPORT FY 2023/2024 budget
JAXPORT Annual Audit Report For the Year Ended September 30, 2023
Florida Department of Financial Services
FEMA Public Assistance (PA) Program