Port of Virginia posts throughput of 219,000 TEUs in May 2016
The Port of Virginia processed 219,398 twenty-foot equivalent units (TEUs) in May, bringing the port to 2 percent growth in TEU volume for the calendar year and 2.6 percent growth in the fiscal year, which ends July 1.
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 696,000 TEUs.
In May, rail volume was up 8 percent and conversely, truck volume dipped 12.6 percent. Richmond Marine Terminal (RMT) barge traffic was up 28.6 percent and containers moving across Virginia Inland Port (VIP) were up 2.5 percent.
On a fiscal-year basis (July 1 – June 30) the port’s rail container volume is up 9.4 percent; ship calls, up 2 percent; VIP containers up, 14 percent; RMT barge traffic up 20.5 percent; and vehicle units processed at Newport News Marine Terminal, up 11.3 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.