Freight News, Rail, Sea

Virginia Sets Single-Month Record for TEUs; Rail, RMT Volumes Grow

[ September 16, 2016   //   ]

The Port of Virginia® rewrote its record books once again, having handled 235,511 TEUs (twenty-foot equivalent units) in August, making it the single busiest month in the port’s history.

In comparison with last August, TEU volumes are up 7 percent; rail units up 20 percent and truck volume up .4 percent; and volume at Richmond Marine Terminal (RMT) is up 33 percent. Moreover, October marks the seventh consecutive month of TEU volumes exceeding 210,000 units.

The peak-season cargo is moving and those volumes are putting the port on pace to exceed last year’s total of 2.5 million TEUs, said John F. Reinhart, CEO and executive director of the Virginia Port Authority.

“Our productivity across the operation continues to trend in positive territory and for the first time in our history, our monthly rail volume exceeded 50,000 units,” he said. “Further, our import volume in August was up 12 percent and exports up 3 percent.”

“We are building our reputation on consistent delivery of service; we are on solid financial ground and we are gathering momentum as we move into a period of expansion and construction.”

Year-to-date, the port’s TEU volume is up 2 percent; rail units up 11 percent; Virginia Inland Port volume up 10 percent; and Richmond Marine Terminal volume, up 27 percent.