At the State of the Port address in North Charleston, SC Ports President and CEO Micah Mallace said the authority has finished the first phase of its turnaround after cutting expenses 20 percent and matching competing ports on rates. It has booked nearly 160,000 containers of new business arriving through 2027.
Why this matters here
Port rates and reliability set the landed cost of nearly everything local retailers, restaurants, and makers bring in. A port winning business back is a port with more capacity and steadier schedules for the small importers in this region.
First reported by live5news.com.
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