According to HRTPO staff analysis of Federal Highway Administration’s (FHWA) Freight Analysis Framework (FAF), approximately 185 million tons of goods were moved to, from, and within Hampton Roads in 2010, which was considerably higher than Savannah, GA (110 million tons) and Charleston, SC (83 million tons). It is important to note that this analysis considers all freight, not just port-related. By 2040, Hampton Roads freight movement is expected to remain the highest at approximately 330 million tons compared to 242 million tons for Savannah, GA and 173 million tons for Charleston, SC.
In terms of value, approximately $176 billion dollars of goods were moved to, from, and within Hampton Roads in 2010, which was slightly higher than Savannah, GA ($170 billion) and Charleston, SC ($123 billion). By 2040, the value of Hampton Roads freight movements is expected to remain the highest of the three regions at approximately $505 billion dollars compared to $446 billion for Savannah, GA and $449 billion for Charleston, SC.
This analysis is part of the commodity flows component of the Hampton Roads Regional Freight Study (2012 Update). The draft version of the study, which will include two components (commodity flows and regional truck movement), is expected to be completed by July 2012.