The port of Virginia saw growth in all cargo categories in May and expects to set volume records for 2014, it said Friday.
“We were profitable in May, but we are still in the early stages of recovery and stabilizing this port,” Chief Executive Officer and Executive Director John Reinhart said. “I am confident in saying that we are working as a team, changing our behaviors, and we are seeing some encouraging results. This is a long-term commitment to improve our delivery of service and profitability. This trend must continue: Moving forward, improving service, controlling costs and increasing velocity are our priorities and mandates.”
The port’s operating profit for May was $360,000, and it was the third best month in the port’s history for TEU and container volumes, it said.
In May, cargo volume grew 6.7 percent, or 12,865 TEU, year-over-year. There was also growth in breakbulk tonnage (25.6 percent); rail containers (4.8 percent); barge containers (13.2 percent); Virginia Inland Port containers (22.8 percent); and vehicle units (20.1 percent).