The Jacksonville Port Authority (Jaxport) and Carrix Inc.’s SSA Marine have signed a $238.7 million, 25 year deal to expand the Florida port’s facilities. That followed a 38.8% rise in containerized freight handling in 2018 versus 2015 and demonstrates the significant expense and extended timeframes involved in port developments. Jaxport is still only the third largest port in Florida with 266.2k TEUs of inbound traffic in 2018 being just 35.4% the level of Miami’s. Yet, an expanded port could attract customers from the surrounding region including those that currently use the p...