Business, Freight News, Sea

Port of Virginia Sets New Annual Mark for TEU, Truck and Rail Volume

[ January 16, 2016   //   ]

The Port of Virginia set a new annual record for container cargo volume, having handled more than 2.5 million TEUs in 2015, a 6.5% increase over last year’s total.

In 2015, the port saw increases in TEUs, total truck and rail volume, total containers and general cargo tonnage.

December is the half-way mark in fiscal 2016: in fiscal 2016 TEU volumes are 1,295,554 TEUs, growth of 3% when compared with the prior year. The port set record highs for total containers, total truck containers, total rail containers and container throughput at both Virginia Inland Port and Richmond Marine Terminal.

“In 2015, we moved 156,000 more TEUs than we did in 2014, which until now, was our most productive year on record,” said John F. Reinhart, CEO and executive director of the Virginia Port Authority. “The growth is significant — 13,000 TEUs a month, on average – and we have responded with improved throughput in all facets of the operation.”

Reinhart emphasized how the port is now focused on the future: adding capacity and cargo conveyance equipment, making greater use of technology and strategic planning. “We will continue to examine our operational practices, reinvest in the facilities and equipment and overall, look for ways to continue to improve service and velocity,” he said.