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Inland port surpasses record rail moves in May, more expected in FY2016

STAFF REPORTS
Published on Friday, June 19, 2015

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The facility has handled 51,671-rail moves fiscal year to date, already surpassing initial volume projections for five years of terminal operations.
 

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The facility has handled 51,671-rail moves fiscal year to date, already surpassing initial volume projections for five years of terminal operations.

 

The Greer Inland Port set record volumes in May, with 5,845 rail moves.

The facility has handled 51,671-rail moves fiscal year to date, already surpassing initial volume projections for five years of terminal operations.

The inland port’s production fell in line with the South Carolina Ports Authority’s (SCPA) record month and projected growth in FY2016, a 7.2 percent increase over projected totals for the current fiscal year. The SCPA Board of Directors project pier container volume of 1.15 million boxes during FY2016,

Inland port growth is expected to increase 6.9 percent over FY2015 projected totals.

Operating revenues in the new fiscal year are planned to increase 9.2 percent, or $17.7 million higher than FY2015 projected revenues.

The Board approved capital expenditures of $165.6 million for the fiscal year. The SCPA will invest $73.3 million over the next 12 months in the ongoing construction of the new container terminal on the former Navy Base, which will open in late 2019. Other primary capital expenditures include existing terminal infrastructure improvements, new equipment as well as two new super post-Panamax cranes, and a wharf strengthening project and upgrades for refrigerated cargo at the Wando Welch Terminal.

 

 

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