With soaring imports, Port of Virginia sets new annual freight record
The major container ports in the United States have experienced record growth in freight, and the Port of Virginia is no exception. In the year ending June 30, it set a new annual freight record, carrying 3.2 million TEUs, including a record 280,000 TEU in June alone.
June was the tenth consecutive month of record volumes for the port and helped bring its total TEU volume for the year to a new record. The port’s annual TEU volume increased 17% from last year’s levels and nearly 10% from the last record year, fiscal 2019. The port worked 1,538 vessels, approximately 100 more than last year, including 16,000 TEUs CMA CGM Marco Polo – the largest ship to call on the east coast of the United States.
âColleagues and partners at the Port of Virginia have risen to the challenge,â said Stephen A. Edwards, CEO and Executive Director of the Port. âFor much of the year, we have handled record volumes under COVID restriction conditions, and we have done so safely, quickly and in a sustainable manner. We have consistently processed record volumes at levels of peak performance. “
The lingering effects of the pandemic on global trade slowed the port’s cargo volumes in July and August of last year, but the port has steadily set monthly records since. As elsewhere in the United States, the volume of imports and the volume of exports of empty containers were the main drivers of growth.
The port’s transit times for motor carriers and dwell time for rail freight were, and it has not lost any working days due to the pandemic. In addition, it continued to invest in capacity with new modern cargo handling equipment.
âWe expect to see significant volumes as we approach summer and the start of peak season,â said Edwards. “We will continue to work on our plan to add assets and, if necessary, hours of operation, to ensure the flow of cargo and welcome the cargo owners.”