With peak season nearing its close, The Port of Virginia® in November handled 236,155 TEUs (twenty-foot equivalent units), making it the second-busiest month in the port’s history, the company said in its press release.
In comparison with last November, TEU volumes are up 16 percent; rail units, up 35 percent; truck volume, up 8 percent; Virginia Inland Port volume, up 3 percent; and Richmond Marine Terminal (RMT) volume, up 20 percent.
November marks the tenth consecutive month in 2016 of TEU volumes exceeding 210,000 units.
Year-to-date, the port’s TEU volume is up 3 percent; rail units up 14 percent; VIP volume up 3 percent; and RMT volume, up 30 percent. The import volume has grown by 5 percent and exports are up 2 percent.
Reinhart said the focus “will be maintaining momentum” as the port gets underway with the expansion of Virginia International Gateway later this month and late next spring at Norfolk International Terminals. Combined, these expansion projects will boost annual throughput capacity by 40 percent when complete.
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 the Port of Richmond. 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.