Loaded Imports up Nearly 26%; on CY Basis, Volume up More Than 29%
NORFOLK, VA – Strong import loads at The Port of Virginia® in September have helped the port achieve consecutive months of cargo volume in excess of 300,000 TEUs (twenty-foot-equivalent units).
In September the port processed more than 306,000 TEUs, which is an increase of nearly 50,000 TEUs (+19%) when compared with last September; loaded import volume was more than 152,000 TEUs, or 31,000 units (+26%). In August, the port handled more than 307,000 TEUs. Last September is when the port began seeing a considerable rebound in its volumes from the COVID period.
- To see the port’s operational metrics on productivity at the berth, rail ramp and truck gates, click here.
“The growth we’re seeing is not artificial and the movement of loaded and empty containers is up, for both exports and imports,” said Stephen A. Edwards, CEO and executive director of the Virginia Port Authority. “Last September is when volumes began coming back and since then we have posted growth each month. The operation is fluid and the Virginia Model of being an operating port, where we own, lease and operate all of the assets, allows us to be agile in meeting the needs of our customers and cargo owners.”
In the last two months, three vessel services, Maersk’s TP20, Hapag-Lloyd and CMA CGM’s Indamex 2 and MSC’s Indus 2 began making Virginia their first-in US East Coast port call. This and the port’s commitment to efficiency is helping to drive growth, Edwards said.
“There is no congestion here and ocean carriers and cargo owners are taking notice of our track record and what we are doing to ensure consistency in our operation,” he said. “We are maintaining our efficiency and service levels because we are monitoring the operation so closely and continuing to add modern assets. The result is that they are choosing Virginia because they see value here.”
With three months left in the calendar year, the port’s TEU volume is 2.58 million TEUs, an increase of 589,136 units (+30%) when compared with the same period last year. Edwards is not anticipating a slowdown in volume before year’s end.
“We may see a dip as the retail season comes to its end, but this is normal and any fall-off in volumes will be small,” Edwards said. “Looking into 2022 we see nothing that leads us to believe that there is going to be a drop in volumes. It is going to take some time before the supply chain returns to normal.”
September Cargo Snapshot (2021 vs. 2020)
- Total TEUs – 306,219 up 19.4%
- Loaded Export TEUs – 80,697 up 6.8%
- Loaded Import TEUs – 152,197, up 25.7%
- Total Containers – 170,998, up 21.6%
- Virginia Inland Port Containers – 2,297, down 31%
- Breakbulk Tonnage – 4,332, up 1.8%
- Total Rail Containers – 53,405 up 16.4%
- Total Truck Containers – 110,452 up 25.2%
- Total Barge Containers – 7,141 up 9.4%