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Rail News Home Intermodal

4/15/2020



Rail News: Intermodal

South Carolina Ports Authority revises FY2020 outlook


CSX and Norfolk Southern Railway serve the South Carolina ports.
Photo – South Carolina Ports Authority

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The South Carolina Ports Authority (SCPA) in March logged 13,870 rail moves at its Inland Port Greer and 1,614 at Inland Port Dillon.

The SCPA didn't announce year-over-year figures for March. However, Port Greer posted 113,790 rail moves so far in fiscal-year 2020 (July 2019 through March 2020), a 15 percent increase, and 24,507 rail moves at Port Dillon, up 17 percent compared with the same period a year ago, SCPA officials said in a press release.

The authority in March posted 185,631 20-foot equivalent units (TEUs) across the Port of Charleston's Wando Welch and North Charleston container terminals. The authority logged more than 1.82 million TEUs so far in FY2020, a 2 percent increase from a year ago.

Meanwhile, the authority revised its container outlook for FY2020, which will end June 30. SCPA officials are now expecting 1.345 million pier containers for the full year, compared with 1.364 million pier containers in FY2019.

"It has become increasingly clear since the end of the Chinese New Year that the COVID-19 manufacturing shutdown in China and the subsequent, significant shutdown of the consumer economies in the United States and the Western world means that we will not achieve our fiscal-year 2020 volume plan," said SCPA President and Chief Executive Officer Jim Newsome.

As a result, the SCPA is targeting a 10 percent cost reduction, or about $20 million, for the fiscal year.

CSX and Norfolk Southern Railway serve the South Carolina ports.



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