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Port of Virginia on pace for 6% growth for 2013; November’s TEUs exceed 192,000
The Port of Virginia in November handled 192,918 TEUs, putting the port on pace for better than 6 percent growth in 2013.
Year-to-date, the port has handled 2,042,442 TEUs (twenty-foot equivalent units), which is 6.4 percent ahead of last year’s mark going into the final month of the year.
“It has been an exceptionally busy year in almost all facets of our operation,” said Rodney W. Oliver, the Virginia Port Authority’s interim executive director. “We’re 122,305 TEUs ahead of where we were at this time last year, so Virginia is looking at another very solid performance.’
November’s TEU volume was down 2.9 percent compared to November 2012. However, nearly 7 percent of last November’s volume (13,860 TEUs) was diverted to Virginia from the Port of New York, New Jersey as a result of Hurricane Sandy.
“The Sandy diversions gave us great numbers last November,” Oliver said. “But if you back out the diverted cargo from last November’s totals, this November would have been ahead of last year by 4.5 percent.”
On a calendar-year basis, the port’s rail volume is 12.8 percent ahead of the same period in 2012. The port has experienced double-digit rail growth, year-over-year, in 12 of the last 13 months.
Import TEUs tallied 86,038 and exports were 106,880 in November. For the calendar year, imports are up 7.3 percent and exports are 5.6 percent.
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