Download JAXPORT's 2015 Annual Report.
To request a hard copy, call (904) 357-3052 or send us an email.
JAXPORT earned $55.2 million in operating revenues in FY 2015, up 4 percent over last year, the port’s 15th consecutive year of operating revenue growth.
In addition, strong expense side management allowed JAXPORT to hold operating expenses steady at $30 million in FY15. The port earned $25.1 million in operating income during the same period, an 8.5 percent increase over FY14.
Successes include impressive gains in Asian container growth and the rebound of vehicle volumes to pre-recession levels. JAXPORT also continues to maintain its diversification, attracting well-known brands and international industry leaders to establish operations through Jacksonville in 2015.
The past year’s financial results reflect JAXPORT’s positive year operationally. JAXPORT facilities moved 915,292 containers or twenty-foot equivalent units (TEUs) in FY 2015. Container volume has grown 34 percent since 2008, making JAXPORT one of the few U.S. seaports to experience year-over-year growth during a period marked by a severe global economic downturn.
When combined with the volumes from private users of the harbor, Jacksonville maintains its rank as Florida’s number one container port.
JAXPORT recorded four percent growth in Asian container shipments in FY15, moving 283,164 twenty-foot equivalent units (containers) compared to 272,524 the previous year. The Asian container trade is the fastest growing segment of JAXPORT’s container cargo business, accounting for nearly 31 percent in 2015. The port has recorded an average of 28.5 percent annual growth in Asian container volumes during the past five years.
A total of 8.2 million tons of cargo shipped through JAXPORT facilities in FY15 and the port saw 1,826 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.
Looking ahead, 2016 will be a milestone year for many of JAXPORT’s significant infrastructure projects, all designed for maximum return on investment by allowing our customers to capitalize on the many growth opportunities in international trade that are before us. JAXPORT’s Intermodal Container Transfer Facility begins operations this year; several newly built, state-of-the-art container cranes will arrive and be put into immediate use; the removal of a navigational hazard in the St. Johns River will be complete; the modernization of docks and berths progresses; and the game-changing project to deepen the Jacksonville shipping channel to 47 feet will enter the construction phase.