The Port of Virginia processed 215,254 twenty-foot equivalent units (TEUs) in April, a 2.4 percent increase when compared with the prior year. The performance was supported, in part, by growth in volume at both Virginia Inland Port (VIP) and Richmond Marine Terminal (RMT), the company said in its press release.
The first large-scale capacity project will be to rebuild the upland operation at the South Berth of Norfolk International Terminals (NIT). Reinhart said the $350 million project will increase annual throughput capacity at NIT by 46 percent, or 400,000 containers.
In April, VIP’s volume was up 10 percent; RMT, up 12 percent; truck volume, up 1 percent; ship calls, up 2 percent; and vehicle units, up 8 percent when compared with the same month last year. On a calendar-year basis, TEUs are up 4 percent; rail, 12 percent; and truck volume was slightly down at 0.4 percent.
On a fiscal-year basis (July 1 – June 30) the port’s TEU volumes are up 3.5 percent; rail containers, up 9.5 percent; ship calls, up 2 percent; and vehicle units processed at Newport News Marine Terminal (NNMT), up 37.5 percent.
About The Port of Virginia
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 2013, The Port of Virginia provided more than 374,000 jobs and generated $60.3 billion in total economic impact throughout the Commonwealth.