Despite a year-over-year decline, last month’s volumes were the second-highest ever for February for South Carolina Ports.
Container volumes at the Port of Charleston totaled 201,418 twenty-foot equivalent units and 111,118 pier containers, down 13% from February 2022, the port said Monday. Volumes also fell from January, when SC Ports handled 215,238 TEUs and 118,179 pier containers.
But despite the dip, February’s container volumes “were stronger than typical.” A slowdown in consumer spending, higher costs for goods and loaded imports, and lighter volumes because of how the Lunar New Year affects manufacturing in Asia were all factors impacting volumes in February, according to SC Ports.
Meanwhile, loaded exports rose 12% in February, while the rail-served inland ports also posted “strong” monthly volumes for the last three months. Inland ports Greer and Dillon handled 16,198 rail moves in February, with Inland Port Dillon handling 3,664 rail moves. In January, the two inland ports handled 16,222 rail moves, with Inland Port Dillon handling 3,709 of those.
SC Ports also saw 15,824 vehicles roll across the Port of Charleston, compared with 13,361 in January.
“While we are seeing economic uncertainty impact volumes, South Carolina Ports remains well positioned as a well-run port in the booming Southeast market,” SC Ports President and CEO Barbara Melvin said in a news release. “South Carolina continues to attract significant new business and investment. We have invested in port capacity and capabilities to efficiently handle goods for these port-dependent businesses.”
Since the start of the 2023 fiscal year on July 1, SC Ports has handled nearly 1.8 million TEUs and 978,374 pier containers — a 5% decrease compared to last year.
Subscribe to FreightWaves’ e-newsletters and get the latest insights on freight right in your inbox.
Click here for more FreightWaves articles by Joanna Marsh.
Related links:
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now