Virginia Handles 217,900 TEUs in July; CY Growth 1.1%, Gains Made in Rail, VIP Volumes

The Port of Virginia through July handled 1.5 million TEUs, which is an increase of 1.1% when compared with the same period last year; the port closed July having handled 217,910 TEUs. “On a calendar-year basis, our rail volume is up 10%, VIP volume is up 14% and the number of TEUs handled at Richmond Marine Terminal grew 26%, so we are growing in key areas,” said John F. Reinhart, CEO ... [+]

Port of Virginia Profitable Again

The Port of Virginia (POV) is profitable for the first time since 2008. Preliminary reports indicate that POV is forecast to turn a $16.1 million profit in FY 2015, which is a $31.5 million improvement in operating income compared with the prior fiscal year. POV also continues to set cargo handling ... [+]

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