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New York investment firm acquires large Charleston logistics company
A New York-based infrastructure investment firm has consolidated its position in the Charleston market by merging Charleston-based ATS Logistics Inc. with one of its portfolio companies. On Thursday, NOVA Infrastructure announced that its portfolio company Harbor Logistics LLC has acquired Charleston’s ATS. ATS will operat[...]
Union wins labor board ruling in Charleston ports dispute
The International Longshoremen’s Association is calling it a major victory: a National Labor Relations Board decision that means only union members are permitted to operate heavy-lift equipment at the new billion-dollar Leatherman Terminal at the Port of Charleston. “Today, ILA workers scored a great victory to prote[...]
Charleston home to deepest harbor on East Coast after $580M project
Charleston Harbor is now the deepest harbor on the East Coast at 52 feet. At that depth, the biggest ships calling on the East Coast can access South Carolina Ports’ terminals any time, any tide, a news release from the South Carolina Ports Authority stated. Ships filled with record imports and heavy exports can seamlessly[...]
Global container startup selects Charleston for HQ
A global privately held startup looking to change the way containers are purchased is setting up its North American logistical hub in Charleston. Eveon Containers Inc. announced in a news release Tuesday it has selected the Lowcountry for its North American headquarters. Eveon is an international provider of sustainable building[...]
Report: Upstate generates more than half of South Carolina Ports impact
The S.C. Ports Authority’s annual fiscal year 2022 report (pdf) shows the Upstate experiences a $32.8 billion economic impact out of the $63.4 billion total impact attributed to the ports, with more than $5.5 million in capital expenditures poured into Inland Port Greer. S.C. ports also bring in $1.1 billion in annual stat[...]
Logistics company to open $70M Dorchester County facility
A specialist in cold storage solutions will establish operations in Dorchester County with a $70 million investment. The project from Arcadia Cold Storage & Logistics is expected to create 69 new jobs. Located at Ridgeville Industrial Campus, Arcadia Cold Storage & Logistics’ new operation will support high-volume [...]
Work begins on $550M South Carolina Ports projects
South Carolina Ports will soon have near-dock rail and an inner-harbor barge operation to ensure fluidity and capacity for the Southeast supply chain. SC Ports officials and elected officials gathered this week in North Charleston to celebrate the groundbreaking of the Navy Base Intermodal Facility, according to an SC Ports news[...]
Dorchester County schedules ceremony to mark construction at Port 95
Dorchester County will break ground officially soon on the Port 95 Business Park at the 1,300-acre Winding Woods Industrial Park on Highway 78. The ceremony will take place at 2 p.m. on Oct. 26 at the site near St. George. Branded “Port 95 Business Park” to emphasize its location near the Interstate 95 distribution r[...]
How this Charleston startup is filling a niche in the supply chain industry
Frank Szewczyk and Juerg Gege, both retired international freight forwarders based in Charleston with nearly 100 years of combined experience in the industry, launched The International Forwarding Academy after they saw the massive supply chain disruption caused by the pandemic. Their academy is modeled after a two-day retreat a[...]
Female executives: Business acumen fostered at early age
South Carolina female CEOs and entrepreneurs were interviewed on stage by S.C. Lt. Gov. Pamela Evette in a casual conversation to discuss their roles, passion and drive during the Inspiring Women Leaders Luncheon in conjunction with the SC Biz News North Charleston Business Expo. Evette — a female executive herself wh[...]
Frampton Construction completes TradePort Logistics transload facility
Frampton Construction Co. LLC has completed the construction of a new 130-door, 89,000-square-foot transload facility for TradePort Logistics in Charleston. The design-build project was developed by The Keith Corp. in partnership with the S.C. Ports Authority. Located off of Clements Ferry Road in the Cainhoy area, the site offers proximity to the Port of Charleston […]
Ingevity Corp. spends $385M, buys dual companies and invests in another
Ingevity Corp. of North Charleston has had a busy week already. The company on Tuesday announced it is buying two companies in a $325 million cash transaction and investing $60 million to acquire an equity stake in another. In addition, the company announced record net sales of $419.9 million in its second-quarter report,[...]
