Boeing, BMW, Volvo, Mercedes, a successful inland port, new rail access, and some 1M containers a year are all creating the need for new warehouses and developers are listening and building. David Wren has the story here for The Post and Courier.
Since 2009, refrigerated cargo at the Port of CHS has increased by nearly 40% to about 45,000 containers. David Wren has the story here that includes a 12-fold increase in refrigerated storage square footage in the area. And port-deepening efforts (from 45′ to 52′) bode well for CHS for more growth as cold storage weighs lots more (30 tons in a 40′-long container) and heavier ships need deeper ports.
The State Ports Authority is planning a 6% rise in cargo containers in the next fiscal year – that’s triple the projected growth for the US ports as a whole and six-fold the volume it saw this past year locally, but one the Port of CHS is committed to with its ability to handle post-Panamax ships, the new inland port in Greer hitting its stride with 100,000 train lifts projected (a +23% increase), and the brand new inland port in Dillon. David Wren of The Post and Courier has the article here.
A rail line to connect the Port of CHS to an intermodal facility in Charlotte has been announced to start this week for overnight service between CHS and Spartanburg then Charlotte’s international airport. This connection “builds on the existing, high-speed intermodal network” between CHS and the South Carolina Port Authority’s inland port in Greer. The Greer inland port opened in 2013 and is capable of 50k rail lifts (to trucks) per year while the Charlotte facility debuted in 2014 and has a capacity of 200k rail lifts per annum. SPA also is building a rail-to-truck facility at the new container port that will open in N CHS in 2020, where CSX and Norfolk-Southern will both offer rail service. David Wren of The Post and Courier has the story here.
After years of political footballing, the 1,500-acre Jasper Ocean Terminal on the SC side of the Savannah River appears to be moving forward with plans to submit its application to start building the $3.3B project over the next year. David Wren of The Post and Courier has the story and some history and some updates.
John McDermott and Warren Wise report for The Post and Courier on the strengths and momentum of the CHS economy, and some of its challenges. Some highlights:
- 43 newcomers move to CHS region every day
- 25,000 new jobs by the end of the decade
- 5,000 new jobs in 2015 and again in 2016
- Port of CHS will have another double-digit year of growth, with container growth at 15% and 8% in 2016
- Moderate increases in building permits (6,000-6,500 for the next two years) and home sales and values
- 3.8% more passenger at CHS airport after gaining 7% in 2014
- Retail sales will moderate to 2.8% in 2015 and 2016, down from an astounding 5.4% in 2014
Some of the challenges/concerns are labor/wage inflation for employers to find qualified workers, and where is everyone coming going to live – suburban sprawl or more intense infill development?
The renowned Brookings Institution put CHS’ annual commodities trade at about $38B with its largest trading partners being within the state ($2.3B), and Atlanta ($2.0B), Columbia ($1.4B), NC outside Charlotte ($1.15B) and metro Charlotte ($1.1B). The items being shipped were primarily chemicals and plastics, metals, machinery, transportation equipment and electronics. The Charleston Regional Business Journal has excerpts from the report, Mapping Freight: The Highly Concentrated Nature of Goods Trade in the United States.
Agro Merchants Group, an Atlanta based cold storage distributor, has opened a 121,000 SF facility in the former Piggly Wiggly distribution center in Summerville, doubling the amount of cold-storage space available in the CHS market. That will help CHS compete better in the cold-storage cargo market; last year CHS had a 9% market share while Savannah had a 28% market share. One other cold-storage facility is under construction – New Orleans Cold Storage facility on Remount Road in N CHS, and Lineage Logistics has revived a stalled plan to build a 340,000 SF refrigerated warehouse in Palmetto Commerce Park. Abigail Darlington of The Post and Courier has the update.
Tyrone Richardson of The Post and Courier has the story on CHS and its existing and expanding cold storage facilities, refrigerated cargo and new capacity being added to handle this cargo at the SPA Ports. In the past few weeks, an Atlanta firm has leased 121,000SF at the former Pigg cold storage warehouse in Jedburg and another firm plans to break ground this month on a 340,000SF cold storage site in Ladson while New Orleans Cold Storage recently committed to expand its Remount Road facility by 50,000SF. That totals over 500,000SF of new facilities. Not sure of the ten-fold increase referenced, but its a lot.