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2018 Q2 Industrial Charleston Report

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Charleston port system expands

Key Takeaways

  • Inland Port Dillon opened in April, enhancing Charleston’s efficient market logistic system.
  • The industrial vacancy rate is expected to rise as more construction is delivered.

Inland Port Dillon is now open

The logistic capabilities within the Charleston region have a phenomenal reach. In addition to the Port of Charleston, the Inland Port in Greer, the International Charleston Airport and the extensive railway services provided by CSX and Norfolk Southern, the Inland Port Dillon opened on April 16, 2018, the second inland port to open in the last five years. According to Jim Newsome, the South Carolina Ports Authority president and CEO, “the addition of Inland Port Dillon to the Port’s network diversifies our reach and enables port users to gain logistics efficiencies through rail transportation of their cargo.” The additional inland port will expand the economy within the region as more employment opportunities expand and new businesses move into the area in order to utilize the convenient logistics system. Jim Newsome also expects that the opening of the Inland Port Dillon may prompt companies within the Carolinas, the Midwest and the Northeast to transport more of their cargo via the railways from the Port oof Charleston. Container cargo shipments being transported to and from the Port of Charleston have increased 180% in the last seven years, and almost 25% of the Port of Charleston’s container volume is transported via the railway. The use of the rail system to and from the three South Carolina ports will increase as cargo volumes rise and truck driver shortages delay deliveries; the Inland Port Dillon will alleviate some of these delivery stresses with its increased reach and transport convenience. “Our ports system is one of the most important driving forces behind South Carolina’s recent economic success, and with the help of the Inland Port Dillon, it always will be,” said Governor Henry McMaster. “With two inland ports and the Port of Charleston soon to be the deepest on the East Coast, South Carolina has strategic advantages that no other state has, and that will continue to pay off for the people of our great state.”

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2018 Q2 Industrial Charleston Report

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