Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
6/19/2014 11:05:00 AM Write a Letter to the Editor Write a letter to the Editor

South Carolina Ports Expect Continued Growth in 2015


Ariana Lindquist/Bloomberg News

The South Carolina Ports Authority said it expects a 3.4% increase in container volume in fiscal 2015 and revenue to increase $13.2 million to $172.8 million.

The ports authority passed a 2015 fiscal plan June 18 that includes across-the board increase in container volume, operating revenue and capital investments.

“I’m confident our volumes will continue to grow above the market average,” said Jim Newsome, SCPA president. “Revenues will also increase thanks to strength across all cargo segments and success at the Inland Port.”

The plan includes an expected 9.8% increase in breakbulk tonnage at the Port of Charleston and a 0.5% rise in the Georgetown port, driven by strong performance of state manufactures, according to the port authority.

The SCPA reported it handled 161,658 20-foot-equivalent units in May a 6.5% increase from the prior month. It has processed 1.53 million TEUs in its fiscal year, with one month remaining. May’s TEU volume represented a 16.2% increase over a year ago.

The increase in TEUs pushed its fiscal year 2014 volumes up by 7% year-over-year.

“Volume across all business segments continued to grow through the 2014 fiscal year, giving us the confidence to approve this aggressive plan,” SCPA board chairman Bill Stern said in a statement. “Our port’s performance is a strong reflection of our state’s economic development successes, and it positions us well to serve imports and exports for our nation.”

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising

TFM

EMU
iTech
© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement