News

2017 November 10 16:05

Port of Virginia container volumes up 11 percent to 265,490 TEUs in October 2017

The Port of Virginia® moved 265,490 twenty-foot equivalent units (TEUs) in October, which is growth of more than 11 percent – for containers as well — when compared with the same month last year and an all-time record for the amount of cargo handled in a single month.

October’s TEU volume broke the previous record set in May 2017 by 18,619 units, or 7.5 percent.

Peak season volumes, brought by ultra-large container vessels, are steady and Reinhart says the trend will continue through December. Further, construction teams are making headway on the expansion at Virginia International Gateway (VIG) and tracking according to schedule. The first RMGs (rail-mounted gantry cranes) are set for delivery in January 2018 and are scheduled to be operational by late April.

With two months remaining in the year, the port is tracking for a positive finish to 2017. On a calendar-year basis, total TEU volumes are up 7.9 percent; containers up 8.2 percent; rail, up 4 percent; trucks, up 10 percent; and barge volume, up 28.5 percent.

October Cargo Snapshot (vs. October 2016)
 Total Export TEUs – 138,933, up 14.3%
 Total Import TEUs – 126,557, up 8.1%
 Containers – 149,595, up 11.6%
 Virginia Inland Port Containers – 3,359, up 18.3%
 Truck Containers – 94,304, up 14.4%
 Rail Containers – 50,441, up 3.9%
 Total Barge Containers – 4,850, up 45.6%
 Richmond Barge Containers – 2,489, up 48.5%
 Vehicle Units – 2,295, up 102.9%

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.