Port of Virginia posts results for Nov 2017
The Port of Virginia in November moved 240,570 twenty-foot equivalent units (TEUs), handled nearly 20,000 tons of breakbulk (non-containerized) cargo and processed more than 6,500 new import cars, the company said in its press release.
“Our TEU volume was modest, up nearly two percent, we showed slight container growth at Virginia Inland Port and our efforts to diversify our cargo mix with non-containerized cargo are showing promise – November was the fourth consecutive month of growth in import autos for us,” said John F. Reinhart, CEO and executive director of the Virginia Port Authority (VPA). “Though we are still processing peak-season volume, we are beginning to see a tapering-off trend, as anticipated.
“The work at Virginia International Gateway continues in earnest — the first bundle of RMGs (rail-mounted gantry cranes) will arrive in January — and the pace of work at Norfolk International Terminals (NIT) is going to pick-up significantly in January. Our focus is managing these two projects while staying safe and maintaining our service and efficiency levels. This will add cost while we manage through the expansion and we are prepared for that eventuality.”
On a calendar year basis, TEU volumes are 7.3 percent ahead of last year; containers, up 7.6 percent; trucks, up 9.5 percent; rail, up 3.3 percent; and barge volume, up nearly 25 percent.
“There are several positive things happening that are going to help build business and drive efficiency,” Reinhart said. “We are preparing to put into service on the Richmond Express (barge) a 40-plug mobile power unit that will serve owners and shippers of refrigerated cargo to Richmond Marine Terminal. Further, VDOT is nearing completion of the I-564 Intermodal Connector and this ramp will give motor carriers using the NIT North Gate unimpeded interstate access. Finally, our wider, deeper, safer effort to deepen Norfolk Harbor and the channels to 55-feet continues to move forward in a positive direction.”
November Cargo Snapshot
Loaded Export TEUs – 87,695, down 6.9%
Loaded Import TEUs – 110,673, up 8.7%
Containers – 135,469, up 1.7%
Virginia Inland Port Containers – 2,667, up .8%
Truck Containers – 83,488, up 4.9%
Rail Containers – 47,816 down 3.1%
Total Barge Containers – 4,165, down 2.6%
Richmond Barge Containers – 2,363, up 1.5%
Vehicle Units – 6,584, up 170.6%
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.