The Port of Virginia® moved 234,230 twenty-foot equivalent units (TEUs) in July, which is growth of 7.5 percent when compared with the same month last year and a record as the best July cargo performance.
On a calendar-year basis, total TEU volumes are up 8.1 percent; containers up 8.5 percent; rail, up 5.6 percent; trucks, up 9 percent; and barge, up 30 percent.
“The peak season is underway, we are seeing the large vessels with regularity and handling their corresponding cargo volumes safely and efficiently,” said John F. Reinhart, CEO and executive director of the Virginia Port Authority (VPA). “The North Gate at NIT (Norfolk International Terminals) is fully-functional and motor carriers are utilizing that asset more and more, which will be important as we near the start of work this fall on renovating the south-side stack yard at NIT.
“While our volumes are growing, there is sustained momentum at The Port of Virginia that is driving us forward: we have approval from the (VPA) Board of Commissioners to sign the purchase contract for four new ship-to-shore cranes – the largest on the U.S. East Coast — for Virginia International Gateway. We are beginning to see development of warehouse and distribution space, as evidenced by Panattoni’s recent announcement of a 500,000-square-foot speculative building near Richmond Marine Terminal and we are continuing to identify new double-stack rail opportunities into the Lehigh Valley and western Pennsylvania.”
July Cargo Snapshot
- Loaded Export TEUs – 75,703, down 2%
- Loaded Import TEUs – 109,215, up 9%
- Containers – 134,104, up 8%
- Virginia Inland Port Containers – 2,754, up 3%
- Truck Containers – 85,442, up 13%
- Rail Containers – 44,598, down .2%
- Total Barge Containers – 4,064, up 7%
- Richmond Barge Containers – 1,772, up 5%
The Virginia Port Authority (VPA) is a political subdivision of the Commonwealth of Virginia. The VPA owns and through its private operating subsidiary, Virginia International Terminals, LLC (VIT), operates four general cargo facilities Norfolk International Terminals, Portsmouth Marine Terminal, Newport News Marine Terminal and the Virginia Inland Port in Warren County. The VPA leases Virginia International Gateway and Richmond Marine Terminal. In fiscal year 2013, The Port of Virginia provided more than 374,000 jobs and generated $60.3 billion in total economic impact throughout the Commonwealth.