Industry News

Courtney Agencies Ltd. provides a weekly industry news update to its clients.

Please click here to receive this update by email.





Customs &
Trade News

Transport &
Trade News

March 19, 2019

Port of Virginia had its best February in the port's history

The Port of Virginia announced that it saw the best February in the port's history with 228,151 TEUs (twenty-foot equivalent units), or 127,596 containers, compared to prior year. Fiscal-year-2019-to-date, total TEU volume is up 3 percent or 57,170 TEUs (23,042 containers).

The Port Authority says the high performance was due in part to the completion of all 13 new container stacks at Virginia International Gateway (VIG) - bringing the total number of stacks at the terminal to 28.

"This new capacity is quickly being integrated into the operation and The Port of Virginia is seeing positive results," said John F. Reinhart, CEO and executive director of the Virginia Port Authority. "Our turn-times for motor carriers continue to improve, there is better flow at our gates and our service levels are trending in the right direction. We are on-budget, on-time and we are already seeing the benefits as we approach the end of the project."

With the completion of stack No. 1 at VIG, the terminal now has 13 additional container stacks, each served by two new rail-mounted gantry cranes (RMGs). The new stacks complement 15 existing stacks, also served by RMGs. The 15 original stacks are on a schedule to be refurbished to like-new status throughout the year. Two stacks are already complete and three are underway.

Source: Virginia Port Authority