28-02-2018

Virginia up 4.4pc in first 7 months of FY’18 to 1.67 million TEU

THE Port of Virginia, centred on Hampton Roads, lifted 1.67 million TEU in the first seven months of its fiscal year 2018, a 4.4 per cent year-on-year increase.

"Fiscal-year volumes are ahead of last year, but January cargo totals were less than forecast", said Virginia Port Authority chief executive John Reinhart.

"In Virginia is a hard reality this time of year of two lost workdays in the early part of January as the result the blizzard that is reflected in our totals. But we have restored service and are in positive territory for early February," he said.

The January 3 blizzard impacted the movement of freight well beyond the Norfolk Harbour. There was disruption and delay to logistics and supply chains, rail and truck movement, vessel calls and to the overall flow of intermodal traffic along the US east coast and in parts of the Midwest.

In January, the port handled 220,534 TEU, down 3.5 per cent year on year. But cargo volumes at Virginia Inland Port (VIP) were up five per cent and at Richmond Marine Terminal (RMT) volume rose four per cent.

Truck volume was up two per cent while rail throughput fell nine per cent and barge traffic was down five per cent.

Fiscal year to date, Virginia Port volume was up 4.6 per cent, RMT was up 12 per cent, total barge traffic up eight per cent, truck volume was up eight per cent, vehicle units rose 16 per cent, breakbulk was up two per cent and rail volume was down one per cent.

"Our growth will continue in FY18. But, additional volumes coupled with construction at VIG (Virginia International Gateway) and having taken 33 acres of container yard at Norfolk International Terminals (NIT) out of service are straining operations and presenting challenges to our delivery of service and doing so at a cost," said Mr Reinhart.

"Our gate productivity at VIG is not up to standards, particularly for our motor carrier partners, and we are focused on addressing and improving service," he said.

Source: Schednet

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