Freight News, Sea

Port of Virginia Sets New Annual Volume Record in 2019 Having Handled 2.9 Million TEUs

[ January 15, 2020   //   ]

The Port of Virginia® set a new annual record for container cargo volume having handled more than 2.93 million TEUs, in calendar year 2019, a 3% increase over last year’s total.
The port saw increases in the movement of loaded imports, up 3%; empty export TEUs, up 10%; growth in barge volume, up more than 18%; and the amount of cargo moving over Richmond Marine Terminal, up 19.5%. Truck volumes were up 2% and rail volume was static.
“We look at how we served our customers and what we accomplished, so 2019 was landmark year for The Port of Virginia,” said John F. Reinhart, CEO and executive director of the Virginia Port Authority. “We had a very successful year, having set a new record for volume, though our growth was not as much as we had planned. Trade thrives in a predictable environment and the tariffs created some uncertainty across the industry that had an effect on our year-end totals, but we don’t measure success only in terms of cargo volume.
“Throughout the year we made significant gains on our projects. We debuted an expanded Virginia International Gateway (VIG) in June, got underway with our dredging effort that will make Virginia the deepest port on the U.S. East Coast in four years and are on track and on budget to bring the expansion of Norfolk International Terminals (NIT) to a close in late 2020.”