Freight News, Rail, Road, Sea

VPA Begins FY 2016 with Strong TEU Total; Growth in Rail and Truck Volume

[ August 28, 2015   //   ]

The Port of Virginia began fiscal year 2016 by handling 226,000 TEUs in July, and in doing so, marked the fifth consecutive month of TEU volume exceeding 210,000 units.

In July, the port saw an increase in TEU volume of 9%, or 18,217 units, when compared with the same month last year. Truck volume grew by 6% and rail volume by 15 %– the second highest month ever at the port for total rail containers.

For the calendar year, the port’s TEU volume is 1.47 million, which 10 percent ahead of the same period last year. Further the port’s calendar year growth for rail and truck volume is 9 percent and 12 percent, respectively.

The port started work on two capital projects on July 22: the expansion of the North Gate at Norfolk International Terminals and the I-564 Intermodal Connector. Combined, the projects will increase truck velocity through NIT’s north gate, remove a significant amount of daily truck traffic from Norfolk city streets and provide motor carriers with direct, safe access to Interstate 564.

The port is also executing short and long-term plans to upgrade each of its marine terminals and its inland facilities. Moreover, it is investing in personnel and technology in order to improve service and build capacity for what it expects are continued increases in volume.