When competition spurs investment, shippers stand to benefit regardless of their port preference. A variety of factors — harbor depths, ocean services, on- and near-dock intermodal facilities, rail lift capacity, and inland reach — will determine where shippers will funnel Asia imports heading to Chicago and the Ohio Valley sweet spot farther east.
Virginia Port Authority
16 Feb 2016
Container volume at the Port of Virginia was flat in January, rising 0.4 percent year-over-year although its little sister Richmond Marine Terminal on the Charles River posted its best January in history, growing 45 percent year-over-year with 1,295 twenty-foot-equivalent units.
22 Jan 2016
After near-unprecedented congestion rocked the Port of Virginia in 2015, the 50-foot-deep port says it’s ready to handle brisk volume growth coming via the larger vessels soon to move through the expanded Panama Canal — and do so efficiently.
19 Jan 2016
Port of Virginia's John Reinhart on their strategy of making many smaller improvements for a lasting, sustained change to operations to expand with the industry.
13 Jan 2016
The Port of Virginia’s container volume topped 2.5 million 20-foot-equivalent units for the first time as its terminals posted a 6.5 percent increase in TEUs during 2015, despite a decline in December volume.
03 Dec 2015
The Port of Virginia’s chassis pool will implement a new system allowing beneficial cargo owners to be billed directly for chassis fees, and taking truckers and ocean carriers out of the middle of the billing process.
21 Sep 2015
The Virginia Port Authority will continue to operate the Port of Richmond after the city awarded the VPA a 40-year concession of the inland port on the James River.
10 Sep 2015
CMA CGM will offer a Richmond, Virginia, bill of lading to importers and exporters using the city-owned port, allowing shippers to tender cargo to the carriers or pick up shipments at the inland port on the James River.
18 Jun 2015
The Port of Virginia’s record container volume in May was accompanied by a $4.5 million operating profit, the port’s best monthly financial performance in its 2015 fiscal year, which ends June 30.
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