Savannah's booming seaport has set another record for the amount of cargo moving through its gates after posting double-digit growth in the past 12 months. Georgia Ports Authority executive director Curtis Foltz announced Monday that Savannah's port handled 2.9 million containers of imports and exports in the fiscal year that ended June 30. That's an 11 percent increase from fiscal 2010. It's also a record for Savannah, beating the port's previous peak in 2008 by about 240,000 containers.
Atlanta-based shipping giant United Parcel Service says it plans to turn last year’s success into record earnings per share in 2011. In 2010, earnings improved to $3.6 billion dollars and revenue was up 9.4 percent The company says it’s stronger and more flexible coming into the economic recovery, thanks to internal changes forced by the recession.