The Port of Virginia has set a new milestone by handling more than 340,000 TEU in May as the Port Authority anticipates its best fiscal year performance on record.
Total TEU levels in May have surpassed the previous all-time monthly volume mark by more than 14,500 units – a record set in December 2021.
Additionally, May was the third consecutive month of TEU volumes exceeding 314,000 units. The combined volume of March, April and May stood at more than 978,000 TEU, resulting in the busiest three-month stretch in the port’s history.
Stephen A. Edwards, CEO and Executive Director of the Virginia Port Authority, said he is expecting strong volumes in June that will position the port to have its best fiscal year performance on record.
“The success we have had in these last three months is the result of an experienced operations team that understands how to extract maximum productivity from the terminals while delivering very efficient service to our customers,” Edwards said.
Edwards added that this incredible performance was made possible due to the 15 new shuttle trucks and two new ship-to-shore cranes into service at Norfolk International Terminals’ South Berth.
“These new cranes will provide the capacity to process about 360,000 additional TEU annually, which is going to be important for us as we continue to see new business and move into peak cargo season. This best-in-class productivity and our $1.3 billion long-term investment strategy is driving business to The Port of Virginia” he said.
Last month, the Port of Virginia announced it will fulfil all of its operational electricity needs from clean-energy resources by 2024.
With this commitment, the port moves forward with its goal of becoming carbon-neutral by 2040.