On September 27th, the Port of Virginia installed four new truck intake gates, increasing their capacity by thirty percent as a critical part of their $320 million infrastructure upgrade. Gates 14-17 will be able to handle an average of 800 truck transactions, per gate, per week equaling 13,000 truck transactions per week total, which is two thirds of the total volume handled by the port. Other updates include a new trucker registration system to handle the increase in traffic, 26 new rail mounted gantry (RMG) cranes and four new ship to shore cranes expected to be delivered in January 2019.
The timing of these infrastructure upgrades couldn’t have been more exemplary as the increasing size of the expected ships has coincided perfectly with the deeper berth and new mechanics being installed. According to a 2015 study by the Raymond A. Mason School of Business at the College of William and Mary, the port is connected to $88.4 billion in annual economic impact and supports around 530,000 jobs either directly or indirectly. This incredible modernization has lead to staying one step ahead of the ever developing advances in logistics taking place around the world.
Month after month we’re thrilled to report record breaking numbers of cargo moving in and out of this port, including banner years as capacity continues growing. We understand that there will come a time when even this strong bubble breaks and an equilibrium is achieved. Whether it’s from a national recession, weather disaster or alternative event that causes numbers to slow, the improvements made will provide a solid and consistent income and jobs for the area. Make no mistake, where there is great expansion, there will be recession; the ability to withstand those lean times buffered by solid investments in these behemoth projects that support people and states during difficulties. We know eventually we’ll be writing about months that are less than stellar, but we won’t be writing from a place that is less than proud of how incredible our port is.