Port of Virginia Sets Annual Container Volume Record
- Business & Finance
The Port of Virginia in 2014 set its new annual benchmark for container volume having handled more than 2.3 million TEUs, a 7.6 percent increase over last year’s total.
The year was completed by strong volumes in December, when the port handled 203,276 TEUs, a jump of 12.3 percent when compared with the same month last year.
December was the eighth month of 2014 when port TEU volumes exceeded 200,000 units. In 2014, the port exceeded the 200,000-TEU mark in April, May, July, August, September, October, November and December.
”In 2014, we moved 169,000 more TEUs than we did in 2013, which until now was our most productive year on record. Our volume is tracking for a record fiscal year as well: at the half-way point we’re up eight percent,” said John F. Reinhart, CEO and executive director of the Virginia Port Authority. ”The growth is significant, but it has created significant challenges as well, especially in service levels for our motor carriers.”