View Issue #568 Now!
Sign up for our FREE Daily Newsletter
Port of Virginia completes best fiscal-year performance in its history
The Port of Virginia’s June cargo volumes solidified the best fiscal-year (2013) performance in the port’s history: 2.165 million TEUs were handled in FY13, equating to 10 percent growth when compared with fiscal 2012.
Moreover, June’s totals wrapped-up the best first-half-of-a-calendar-year performance by the port in its history: since January, the port has handled 1.054 million TEUs, a 6 percent increase over the first half of 2012.
“There are a number of factors that we can attribute this success to: ocean carriers loading their vessels heavy to take advantage of our 50-foot deep channels, an increasing number of first-in and last-out vessel calls, our expanding rail service, our push into new markets like Greensboro (NC) and an improving economy,” said Rodney W. Oliver, interim executive director of the Virginia Port Authority.
“We’re also seeing a lot of interest to expand operations by some large port users and given that we believe the growth will continue.”
In June, the port handled 175,864 TEUs, an increase of 7,434 units, or 4.4 percent, when compared with June 2012. Export TEUs tallied 93,020 and import TEUs were 89,635, an increase of 3.8 and 5.1 percent, respectively.
“In terms of cargo volume, this June was the best June we have ever had,” Oliver said. “Our rail volume in June was 7.6 percent ahead of where it was at the same time last year, which shows us there is significant and continuing interest in utilizing rail to and from this port.
Calendar year TEU totals, 2013 vs. 2012:
June 2013 = 175,864
June 2012 = 168,430
May 2013 = 191,368
May 2012 = 178,584
April 2013 = 179,370
April 2012 = 169,644
March 2013 = 179,518
March 2012 = 166,719
February 2013 = 169,390
February 2012 = 157,050
January 2013 = 158,766
January 2012 = 154,300
American Journal of Transportation
116 Court Street, Suite 5
Plymouth, MA 02360
© Copyright 1999–2013 American Journal of Transportation.All Rights Reserved.