Port of Virginia Cargo Volumes Mount in July
The Port of Virginia handled 226,000 TEUs in July, the highest amount ever recorded for that monthly period in the port''s history.
The Virginia Port Authority, which operates terminals in Portsmouth, Newport News and Norfolk, reported Thursday that 225,988 standard 20-foot containers, or TEUs, moved through the port last month. That's an 8.8 percent increase from 207,771 container units posted in July 2014.
Truck volume grew by six percent and rail volume by 15 percent – the second highest month ever at the port for total rail containers.
“We started fiscal year 2016 with the highest volumes for TEUs, total containers and total rail containers for the month of July in the port’s history,” said John F. Reinhart, CEO and executive director of the Virginia Port Authority.
“At our terminals, we are beginning to process the volumes associated with the coming retail season and we anticipate this trend continuing through November. We are focused on continuing to refine our operation, delivering consistent service at the gates and moving forward on the capital spending plan for fiscal year 2016 (July 1, 2015 – June 30, 2016),” he added.
