An infrastructure investment group and a British pension fund have agreed to acquire APM Terminals’ semi-automated container terminal at the Port of Virginia for an undisclosed price.
Norfolk Southern opens transfer terminal in Chesapeake to serve shippers of dry and liquid bulk commodities
18 Apr 2014
Virginia Gov. Terry McAuliffe said APM Terminals wants to sell the semi-automated container terminal it now leases to the Virginia Port Authority.
17 Apr 2014
The Virginia Port Authority’s board underwent its second shakeup in less than three years today when Gov. Terry McAuliffe replaced five of the board’s 11 appointed members, saying he wanted to reverse the port’s financial losses.
09 Apr 2014
Virginia Gov. Terry McAuliffe said the state port authority’s operating losses must end, and that he plans “some very substantial changes” to the port board and wants to renegotiate its 20-year lease of APM Terminals’ Portsmouth facility.
04 Apr 2014
The Virginia Port Authority listed a series of steps it is taking to ease cargo and truck delays while the port and its users seek long-term answers to challenges of rising volumes, larger ships, and spikes in demand at container terminals.
04 Apr 2014
The Port of Virginia said part of its Portsmouth Marine Terminal, which was closed in 2011, will return to service as a staging area for automobiles that will be exported to China.
31 Mar 2014
With the spring retail season at hand, the U.S. economy showing signs of accelerating and the import peak season six months away, there’s growing concern that shippers and their supply chains will feel the impact unless systemic problems with how containers flow from ships through ports to inland destinations are addressed.
26 Mar 2014
The volume of all containers handled by U.S. and Canadian East Coast ports in the fourth quarter of 2013 increased by 4.4 percent year-over-year to 4.2 million 20-foot-equivalent units, according to port-published data collected by the JOC.
14 Mar 2014
The Port of Virginia said repeated snow storms and the subsequent congestion and lost work days in February resulted in continued operating losses and affected container traffic...
24 Feb 2014
Port drayage operators in Virginia are complaining about congestion and slow turn times at at Hampton Roads container terminals.
21 Feb 2014
Some port drayage companies in the Port of New York and New Jersey have begun imposing congestion surcharges following weeks of delays at container terminals.