Ports across the state expected to positively affect Greenville’s industrial sectors in 2024 - United States
Ports across the state expected to positively affect Greenville’s industrial sectors in 2024
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.