JLL Pulse360 Orlando // 2015 | Page 15

// CENTRAL FLORIDA SEAPORTS JACKSONVILLE (JAXPORT) Leading port in U.S. for vehicle exports. PORT CANAVERAL The Port handles roughly 4.0 million tons of dry and liquid bulk cargo TAMPA #1 cargo port in Florida • PORT OF JACKSONVILLE (JAXPORT) – JaxPort is one of the leading cargo ports in Florida, with a trade volume of roughly 937,000 TEUs in 2014, a 1.1 percent increase from the previous year. Nationally, the Port ranks as the 13th busiest cargo port in the nation, and helps service the Greater Orlando market. The majority of goods imported for Walt Disney Parks and Resorts pass through JaxPort, which has the 3rd largest Free Trade Zone in Florida (FTZ). To increase its importance not only within the region but nationally, JaxPort is the only port in Florida authorized to transport military cargo for national defense, which ties the Port nicely to one of the region’s primary economic drivers. The Port is also planning to undergo renovations to support Post-Panamax vessels, ensuring its relevance as the shipping industry transitions to a larger vessel model. As part of the plan, the shipping channel will be dredged to 47 feet, in addition to a $30 million intermodal container transfer facility that features two 1,200-foot berths and six Post-Panamax capable container cranes. • PORT CANAVERAL – While Port Canaveral is primarily known as a cruise port, ranking as the 3rd busiest cruise port in Florida, improvements are being made to increase the Port’s importance to commerce. Port Canaveral is centrally located, which allows cargo to arrive two to three days sooners to Central Florida warehouses than other Florida ports. Via the intermodal terminal located nearby, cargo can reach the majority of the state within four hours and two-thirds of the Southeastern U.S. within eight hours. These geographic advantages are prompting the $600 million capital investment that includes deepening and widening the shipping channel, expanding the berths and terminal space to accommodate more ships and cargo, and the construction of on-dock rail connectivity. These improvements should position the Port as a stable and viable economic driver for the region. Another advantage of the Port is its FTZ, which in addition to the general benefits offered by an FTZ, allows for no duties to be levied for goods sold to the U.S. Military or NASA, both of which have a significant presence in the area. • PORT OF TAMPA – The Port of Tampa is the number one economic engine on Florida’s west coast, supporting nearly 80,000 jobs and having a $15 billion economic impact on the area. Last year, the Port handled 36.0 million tons of cargo – equivalent to one-third of all cargo moving in and out of the state. Major goods handled by the Port are automobiles, steel and petroleum products, which are the largest volume commodity to pass through the Port. Though these currently have minimal impact on Greater Orlando, the Port’s expansion and renovations, as well as excellent connectivity to industrial development west of Orlando, will likely position the Port to have a greater impact on Orlando in the future. ORLANDO PULSE // 15