Creating Opportunities
By the numbers 2017-2024
The Port of Virginia began modernizing in 2007, and the work continues to this day. This modernization has resulted in job growth, increased container volumes and improved safety and sustainability measures. Our investments in modern, innovative infrastructure deliver for our customers, workers and communities.
Investing in Modern Infrastructure and Systems
Our $1.4B Gateway Investment Program is enhancing operational efficiency, sustainability and capacity to position Virginia as the nation’s premier logistics hub. Designed to attract businesses and accelerate commerce, we are investing in this economic engine to deliver opportunities throughout the Commonwealth.
Modernization supports greater container volumes
In 2023, container volumes at The Port of Virginia were 17% higher than 2020 levels. Our strategic East Coast location and world-class service are bringing greater private investment to the Commonwealth, attracting volume from emerging worldwide markets.
ILA membership is growing
Modernization is driving demand. Since 2017, ILA membership here has increased 17%, according to the US Department of Labor. Efficient service and advanced systems attract greater volumes. The result is more crane moves and a greater demand for labor.
ILA labor hours keep pace with growing container volumes
With modernization, ILA hours at our terminals remain consistent with our cargo volumes. Modern systems and equipment allow us to manage surges in volumes with consistency, creating a competitive advantage and more opportunities for work.
Advancing a safer working environment
Since 2017, we have reduced the number of lost work days by 25%. We are proactively advancing a goal to cut safety incidents in half. Advanced technology positions us to be proactive and consistently monitor for possible threats to our operations, including cybersecurity challenges.
Modern equipment reduces emissions and increases operational sustainability
We are replacing diesel and gas-powered equipment with cleaner, more sustainable equipment. By integrating these cleaner alternatives, we are able to reduce our scope 1 and 2 emissions and remain on target with our goal of achieving net-zero carbon emissions by 2040. Since 2017, we have reduced our carbon emissions 74% per TEU.
An Economic Engine for the Nation
Cargo moved through The Port of Virginia is a catalyst for commerce across the country.