Charleston box volume up 26% in July

Although the fifth month of double-digit growth, South Carolina State Ports Authority (SCSPA) officials stated that it is unclear if the national and global economy is on the rebound and can be sustained. It questioned whether recent increases are more a reflection of inventory restocking and other short-term drivers.

The SCSPA also reported final results for the fiscal year 2010, ending June 30, which showed it had surpassed its volume budget thanks to a strong last half of the year when container traffic increased by 19%.

In addition and despite the toughest economy in recent history, positive operating earnings were posted at a time when a number of ports endured financial losses for the year.