Sep
27

Four Trends Spurring Growth of Inland Ports

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With the new inland port being built in Greer, SC, this might be of interest to you.

Inland ports that serve the Midwest and other interior sections of the country should continue to experience strong growth in the future, according to Curtis Magleby, senior managing director and regional head, U.S. Capital Markets West, for Cushman & Wakefield; Michael Berry, president of Hillwood Properties; and Stephen Crosby, president of CSX Real Property, all of whom spoke at NAIOP’s I.con: The Industrial Conference in Los Angeles in June.

What is an inland port? According to a 2011 Jones Lang LaSalle report, Perspectives on the Global Supply Chain, it is “a hub designed to move international shipments more efficiently and effectively from maritime ports inland for distribution throughout the U.S. heartland.”

Not every big intermodal hub away from a major seaport is an inland port. Inland ports feature most or all of the following characteristics: regional multimodal transportation infrastructure; a Class I railroad intermodal hub (port connectivity); a Foreign Trade Zone; a diverse, broadly skilled workforce; land availability (entitled development sites); and economic incentives.

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