Port of Virginia reports profitable May

6/18/2014 9:34:46 AM

The port of Virginia saw growth in all cargo categories in May and expects to set volume records for 2014.    “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.    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).     American Shipper

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