Skip to content
Search AI Powered

Latest Stories

Port of Virginia expands on-dock rail capacity in $83 million project

Project echoes similar work at Port of Los Angeles and Georgia Ports Authority, as more freight moves from trucks to trains.

virginia Lanpher_20240220_0011_2-1.jpg

The Port of Virginia on Tuesday said its expanded central rail yard is fully operational, giving the port the capacity to process 2 million twenty-foot equivalent units (TEUs) by rail annually.

Completion of the project gives the port an additional 455,000 TEUs of annual on-dock rail capacity, an increase of 31%, port-wide, port leaders said. The expansion also enhances the port’s reach to Midwestern population and manufacturing centers by train, since both of the East’s Class I rail carriers, Norfolk Southern and CSX, serve the port with regular, on- dock, double-stack service.


Construction of the $83 million project began in 2022 and was delivered on-time and on-budget; the investment is part of the port’s larger $1.4 billion Gateway Investment Program. The port also used a $20 million federal grant and a $20 million grant from the state Department of Rail and Public Transportation to build two new rail track bundles and purchase three all-electric cantilever rail- mounted gantry cranes.

“Our Gateway Investment Program includes delivery of the deeper, wider and safer 55-foot [deep] channel, the expansion of North NIT and the creation of the Portsmouth offshore wind hub,” Stephen Edwards, CEO and executive director of the Virginia Port Authority, said in a release. “This additional rail capacity has been delivered on-time, in advance of the deeper channel and phase one of the North Berth expansion. Maintaining the construction schedule is important as we begin to message to the trade and talk about our expanded capabilities today, and what is coming in the very near future.”

The expansion follows similar approaches at other U.S. ports, including the completion last week of a $73 million rail expansion project on Pier 400 at the Port of Los Angeles, and ongoing work on a $127 million rail cargo facility at the Georgia Ports Authority.



 

 

 

 

Recent

More Stories

Just 29% of supply chain organizations are prepared to meet future readiness demands

Just 29% of supply chain organizations are prepared to meet future readiness demands

Just 29% of supply chain organizations have the competitive characteristics they’ll need for future readiness, according to a Gartner survey released Tuesday. The survey focused on how organizations are preparing for future challenges and to keep their supply chains competitive.

Gartner surveyed 579 supply chain practitioners to determine the capabilities needed to manage the “future drivers of influence” on supply chains, which include artificial intelligence (AI) achievement and the ability to navigate new trade policies. According to the survey, the five competitive characteristics are: agility, resilience, regionalization, integrated ecosystems, and integrated enterprise strategy.

Keep ReadingShow less

Featured

screen shot of returns apps on different devices

Optoro: 69% of shoppers admit to “wardrobing” fraud

With returns now a routine part of the shopping journey, technology provider Optoro says a recent survey has identified four trends influencing shopper preferences and retailer priorities.

First, 54% of retailers are looking for ways to increase their financial recovery from returns. That’s because the cost to return a purchase averages 27% of the purchase price, which erases as much as 50% of the sales margin. But consumers have their own interests in mind: 76% of shoppers admit they’ve embellished or exaggerated the return reason to avoid a fee, a 39% increase from 2023 to 204.

Keep ReadingShow less
robots carry goods through a warehouse

Fortna: rethink your distribution strategy for 2025

Facing an evolving supply chain landscape in 2025, companies are being forced to rethink their distribution strategies to cope with challenges like rising cost pressures, persistent labor shortages, and the complexities of managing SKU proliferation.

But according to the systems integrator Fortna, businesses can remain competitive if they focus on five core areas:

Keep ReadingShow less
shopper uses smartphone in retail store

EY lists five ways to fortify omnichannel retail

In the fallout from the pandemic, the term “omnichannel” seems both out of date and yet more vital than ever, according to a study from consulting firm EY.

That clash has come as retailers have been hustling to adjust to pandemic swings like a renewed focus on e-commerce, then swiftly reimagining store experiences as foot traffic returned. But even as the dust settles from those changes, retailers are now facing renewed questions about how best to define their omnichannel strategy in a world where customers have increasing power and information.

Keep ReadingShow less
artistic image of a building roof

BCG: tariffs would accelerate change in global trade flows

Geopolitical rivalries, alliances, and aspirations are rewiring the global economy—and the imposition of new tariffs on foreign imports by the U.S. will accelerate that process, according to an analysis by Boston Consulting Group (BCG).

Without a broad increase in tariffs, world trade in goods will keep growing at an average of 2.9% annually for the next eight years, the firm forecasts in its report, “Great Powers, Geopolitics, and the Future of Trade.” But the routes goods travel will change markedly as North America reduces its dependence on China and China builds up its links with the Global South, which is cementing its power in the global trade map.

Keep ReadingShow less