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Subject: News Release - Georgia Ports Authority Takes Additional Steps to Reduce Emissions

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Georgia Ports Authority Takes Additional Steps to Reduce Emissions
Port of Savannah Converts Entire Fleet to Cleaner-Burning Fuel
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Savannah, GA ¡V June, 2008 ¡V Steve Green, the Georgia Ports Authority¡¦s (GPA) Chairman of the Board, announced today at the board meeting that the GPA has converted its fleet of yard cranes, trucks and other equipment to cleaner-burning ultra-low-sulfur diesel (ULSD) and cut emissions by an additional ten percent.

¡§The conversion to ultra-low-sulfur diesel, two years before a federal mandate, is another example of GPA¡¦s commitment to make substantial environmental improvements,¡¨ said Green. ¡§Reducing consumption and emissions are a powerful combination in our ongoing mission to be good stewards of the environment.¡¨

The Board announced in March the completion of a six-year crane electrification program that will conserve more than 1.5 million gallons of diesel fuel annually.

¡§We anticipate the GPA will purchase more than 2.5 million gallons of ultra-low-sulfur diesel this coming year,¡¨ said Doug J. Marchand, GPA Executive Director. ¡§As a result of these efforts, we will avoid the release of hundreds of tons of nitrogen oxide, carbon emissions and particulate matter.¡¨

During his report to the Board, Curtis Foltz, GPA Chief Operating Officer, said the Authority had experienced ¡§modest¡¨ growth of 3.1 percent in total tonnage during May, or a total of 2.1 million tons for the month. ¡§The container trade in North America continues to work through a weakening import demand, booming exports associated with a de-valued U.S. dollar and a resulting scarcity in empty equipment,¡¨ Foltz said. ¡§The results for Savannah are flat imports, record exports and a significant drop in empty container repositioning.¡¨

Total tonnage for the fiscal year to-date (July 1, ¡¥07 ¡V June 30, ¡¥08) was 23.6 million tons, an 18.8 percent increase over the same period last year, Foltz added. Total twenty-foot equivalent unit containers handled during the first 11 months of FY07 was 2.5 million, a 16.7-percent increase.

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