The Port of Virginia delivers opportunity by driving business to, and through, the Commonwealth.
In 2019, CNBC ranked Virginia as the #1 state for business, and The Port of Virginia plays a key role in Virginia’s ability to serve those businesses. In a larger sense, The Port of Virginia is doing everything necessary to become the U.S. East Coast’s leading gateway for global trade for the next several decades, and to make Virginia the #1 place for businesses in the country.
Cargo moving through our world-class facilities is transported from and to markets around the globe, carrying the goods and supplies that manufacturers, corporations, and individual consumers use in their everyday lives. This cargo is moved by way of:
- 6 Terminals
- 1,864 acres
- 19,885 L.F. of berth
- Up to 50’ deep berths
- 30 miles of on-dock rail
The Virginia Port Authority’s operations are provided by Virginia International Terminals, LLC (VIT), a single-member limited liability company wholly owned by the Virginia Port Authority (VPA). In addition, Hampton Roads Chassis Pool, LLC (HRCP II), on behalf of and wholly owned by VIT, operates and manages the intermodal chassis and empty container yards.
According to an economic impact study conducted by the Mason School of Business at the College of William & Mary, 390,000 Virginia jobs – nearly ten percent of the state’s resident workforce – are linked to port activity across our six terminals. Those jobs generate $23 billion in annual compensation and $2.1 billion in state and local taxes.
Between 2015 and 2025, the port will have invested $1.5 billion in its infrastructure – creating a network of six terminals that can handle any type of cargo. Dredges hit our waters in late 2019 and our deepening and widening efforts are in full swing. By 2024, we’ll once again be the deepest port on the US East Coast with 55’ channels and two-way traffic for the largest vessels calling our coast.
Two Class I railroads, CSX and Norfolk Southern, serve the Port via on-dock intermodal container transfer facilities at Virginia International Gateway and Norfolk International Terminals. The service offered by the Class I’s is augmented by vital short line rail partners including the Norfolk & Portsmouth Belt Line and the Commonwealth Railway. Virginia’s unrivaled intermodal rail connections allow the Port to reach customers in the Ohio Valley and the upper Midwest with scheduled daily service. A new intermodal rail market in North Carolina bodes well for the future of additional market penetration in the Southeastern U.S.