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The Port of Virginia experienced record volumes for fiscal year 2022, boosted by consumer activity and shippers’ desire to avoid congestion at West Coast ports. At the Norfolk port, 2022
volumes came in at a record 3.7 million twenty-foot equivalent units, up 14.7% from fiscal year 2021. The port’s fiscal year runs from July 1 to June 30. June’s volumes of 317,742 TEUs also
eclipsed a monthly record at nearly 13% higher than June 2021. June marked the fourth consecutive month for the port to see volumes of 314,000 TEUs or more. “Our growth is being driven by
the confidence our customers and the cargo owners have in our ability to process their ships and cargo swiftly, safely and efficiently,” said Port of Virginia CEO and Executive Director
Stephen A. Edwards in a news release. “There were some challenges, but we adapted and delivered real value to all of our port users, and the result is an increasing demand for the services
of the Port of Virginia.” The port reported record cargo volume in 2022 was driven by an increase in loaded imports, as well as growth in empty export boxes. TO CONTINUE READING THIS
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