The Port of Virginia sets single-month record for TEUs
The Port of Virginia® rewrote its record books once again, having handled 235,511 TEUs (twenty-foot equivalent units) in August, making it the single busiest month in the port’s history.
In comparison with last August, TEU volumes are up 7 percent; rail units up 20 percent and truck volume up .4 percent; and volume at Richmond Marine Terminal (RMT) is up 33 percent. Moreover, August marks the seventh consecutive month of TEU volumes exceeding 210,000 units.
The peak-season cargo is moving and those volumes are putting the port on pace to exceed last year’s total of 2.5 million TEUs, said John F. Reinhart, CEO and executive director of the Virginia Port Authority.
Year-to-date, the port’s TEU volume is up 2 percent; rail units up 11 percent; Virginia Inland Port volume up 10 percent; and Richmond Marine Terminal volume, up 27 percent.
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.