SC Biz News

Distribution & Logistics

Subscribe to Our Digital Newsletters

Cargo volumes slowly ticking up at Port of Charleston

Distribution & Logistics
  • Share

Cargo volumes were slowly ticking back up at the Port of Charleston in February.

For fiscal 2016, from July to February, container volume increased 4.4% compared to the year prior, the S.C. State Ports Authority reported during its board meeting on Thursday.

Container volume increased 4.4% compared with the year prior, the S.C. State Ports Authority reported Thursday. (Photo/File)

The port has handled 1.28 million 20-foot equivalent units thus far in fiscal 2016, with about 158,000 TEUs coming through in February. TEUs are the common industry measurements that count every 20 feet worth of container.

Around 722,000 pier containers, meaning any size container handled, have come through the port in fiscal 2016, up 3% from the same time last year. About 89,000 pier containers came through the port last month, a 2.8% jump from 2015 and a 20% jump from 2014.

“February volumes showed modest increases over last year, and we expect continued moderate upticks in our volumes through the spring,” S.C. State Ports Authority President and CEO Jim Newsome said in a statement.

Around 591,000 tons of breakbulk volume have been handled in fiscal 2016, up 12.3% from last year.

The S.C. Inland Port in Greer handled more than 8,600 rail moves in February — a record monthly volume since the inland terminal opened in November 2013. Fiscal year-to-date, rail moves at the Inland Port are up 66% with 58,000 moves since July 1.

Around 138,000 passengers have come through the port and 1,200 ships have docked in fiscal 2016 so far.

The authority reported $23.8 million in earnings for fiscal 2016, up 20% from the same time last year. Operating revenues were $138 million and total expenses were $115 million through Feb. 29.

Reach staff writer Liz Segrist at 843-849-3119 or @lizsegrist on Twitter.

Reach Liz Segrist at 843-849-3119.

  • Share
Write a Comment