Ports across the state expected to positively affect Greenville’s industrial sectors in 2024

graph of number of twenty-foot equivalent units (TEUs) that move through South Carolina ports from 2016 to 2022 with anticipated 2023 and 2024 volume affecting Greenville's industrial market
  • While Inland Port Greer achieved a record-breaking 16,857 rail moves and a 52% year-over-year increase in the month of August, South Carolina port activity across the state is expected to decrease by 8.1% in twenty-foot equivalent units (TEUs) by the end of 2023. Port activity is slowing for the first time since 2019. As consumers become more cost-cautious, personal consumption expenditures are increasing at a slower rate.
  • Fortunately, inventory is anticipated to rebound in 2024 through a 14.4% increase in TEUs. This increased activity should positively impact related industrial sectors.

November 6, 2023

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