MORNING HEADLINES | The S.C. State Ports Authority (SPA) on Tuesday reported a 4.6% drop in the number of cargo containers of all sizes in fiscal 2026, which ended June 30.
With cargo volumes and revenue on the decline, port P resident and CEO Micah Mallace said the authority is being “much more selective” about the capital projects it takes on and has slowed construction of a near-dock rail yard.
“We’re honing the projects that we will invest in, and we’re making sure that those projects are directly tied to incremental revenue generation or cost minimization,” Mallace said, according to the S.C. Daily Gazette. “The team has really exemplified discipline around capital deployment.”…