The continued growth comes as the port prepares to begin work on its three-year capacity expansion plan at Virginia International Gateway (VIG) and Norfolk International Terminals.
“We have had 12 consecutive months of volume exceeding 210,000 TEUs, so we are seeing consistency and it is our belief that there will be additional growth in the coming months,” said John F. Reinhart, CEO and executive director of the Virginia Port Authority. “We are going to break ground on the expansion at VIG in the next few days and the focus is maintaining our service levels and overall cargo flow as we move into heavy construction. The volumes we are seeing are a clear indicator that we are adding capacity at the right time. We understand the challenges going forward, but we are confident in our plan and the end result of this effort will put The Port of Virginia on the path to growth and sustainability for decades to come.”
January Cargo Snapshot (percentages reflect change compared with January 2016):
- Exports – 121,232, up 17.5%
- Imports – 107,284, up 20%
- Buy Shipping Buy Shipping Container Nashville Nashville – 128,420, up 17%
- Rail Buy Shipping Buy Shipping Container Nashville Nashville – 48,876, up 27%
- Barge Buy Shipping Buy Shipping Container Nashville Nashville – 4,320, up 42%
- Truck Buy Shipping Buy Shipping Container Nashville Nashville – 75,224, up 10%
- Virginia Inland Port Buy Shipping Buy Shipping Container Nashville Nashville – 2,960, up 13%
- Richmond Marine Terminal Buy Shipping Buy Shipping Container Nashville Nashville – 2,125, up 64%
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.