18-08-2017

Port of Virginia's volume increases 7.5pc in July to 234,230 TEU

Virginia

THE Port of Virginia's container throughput rose to a record 234,230 TEU in July, representing an increase of 7.5 per cent compared to the same month last year.

On a calendar-year basis, total TEU volumes are up 8.1 per cent; containers, up 8.5 per cent; rail, up 5.6 per cent; trucks, up nine per cent; and barges, up 30 per cent.

"The peak season is underway, we are seeing the large vessels with regularity and handling their corresponding cargo volumes safely and efficiently," said Virginia Port Authority (VPA) executive director John Reinhart. 

"The north gate at the Norfolk International Terminals (NIT) is fully-functional and motor carriers are utilising that asset more and more, which will be important as we near the start of work this fall on renovating the south-side stack yard at NIT."

Mr Reinhart continued: "While our volumes are growing, there is sustained momentum at the port of Virginia that is driving us forward: we have approval from the (VPA) board of commissioners to sign the purchase contract for four new ship-to-shore cranes - the largest on the US east coast - for Virginia International Gateway. 

"We are beginning to see development of warehouse and distribution space, as evidenced by Panattoni's recent announcement of a 500,000-square foot speculative building near Richmond Marine Terminal, and we are continuing to identify new double-stack rail opportunities into the Lehigh Valley and western Pennsylvania," he said.

Source: Schednet 

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