the port of virginia · charting a course for success in economic development november 12, 2014 ....
TRANSCRIPT
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The Port of Virginia Charting a Course for Success in Economic Development
November 12, 2014
John F. Reinhart CEO AND EXECUTIVE DIRECTOR
VIRGINIA PORT AUTHORITY
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Guided by our company values, The Port of Virginia will achieve our shared vision of operational excellence, fiscal responsibility, and sustainable growth. Above all, we will remain responsible members of the communities we serve, a valuable resource to our customers, an excellent place to work, and an economic engine for the region.
• Foster and stimulate growth for Virginia’s economy
• Serve as the global gateway for import and export of freight
• Improve navigable waters within the state of Virginia
• Aid in the development of commerce for all maritime and inland ports, and related facilities
The Port of Virginia Mission
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• Overview of the Port
• Performance
• Economic Engine
• Looking Forward
• Conclusion/Questions
Agenda
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Statewide Footprint
VIRGINIA INTL. GATEWAY
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Virginia International Gateway
Leased and operated by The Port of Virginia
Phase 1 Total Acreage: 231 Pier Length: 3,205 ft. Depth: 55 ft. Cranes: 8 Capacity: 650,000 Containers
CSX & NS Served
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Total Acreage: 567 Wharf: 7,300 ft. Depth: 50 ft. Cranes: 14 that can reach 22-26 containers across Capacity: 820,000 Containers
Rail service via NS
Norfolk International Terminals
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Newport News Marine Terminal
Total Acreage: 143 Wharf: 3,480 ft.
Breakbulk rail service via CSX
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Portsmouth Marine Terminal Total Acreage: 287
Rail service with CSX; also Norfolk Southern via Norfolk and Portsmouth Belt Line
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Port of Richmond Terminal Total Acreage: 121 Wharf: 1,600 ft. Rail service via CSX; NS via local switch
Barge service with NIT and VIG
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Virginia Inland Port Total Acreage: 161
Five-day-a-week real service between VIP and The Port of Virginia marine terminals
Within 1 mile of I-66 and within 5 miles of I-81
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Intermodal Gateway Over 2.2 million TEUs moving over the Port in 2013 were transported by:
4% Barges
34% Rail
62% Trucks
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CSX
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Norfolk Southern
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Another Record-Setting Performance
• In 2014, The Port of Virginia is tracking for another record year.
• In a calendar year comparison, we are 7.1 percent ahead of the same period (Jan.-Sept.) in 2013.
• At our two main container terminals, Virginia International Gateway and Norfolk International Terminals, we are at or near capacity.
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Record-Setting Volumes
205 207 201 204 208 214 201
0
80
160
240
Jan-
13
Feb-
13
Mar
-13
Apr
-13
May
-13
Jun-
13
Jul-1
3
Aug
-13
Sep
-13
Oct
-13
Nov
-13
Dec
-13
Jan-
14
Feb-
14
Mar
-14
Apr
-14
May
-14
Jun-
14
Jul-1
4
Aug
-14
Sep
-14
Oct
-14
Thou
sand
s TEUs
Record-setting volumes in 8 of the last 16 months
221
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East Coast Growth
Wilmington NC -1.1%
New York/New Jersey 3.8%
Savannah 8.4%
Baltimore 5.3%
Charleston 11.1%
Port of Virginia 6.9%
-2%
0%
2%
4%
6%
8%
10%
12%
14%
- 1 2 3 4 5 6 7
2014
vs 2
013
Gro
wth
Major USEC Ports Growth Growth: Jan-Aug 2014 vs. 2013; Size: CY 2014 Total TEUs
Wilmington NC New York/New Jersey Savannah Baltimore Charleston Port of Virginia
↑119K TEUs
↑170K TEUs
↑101K TEUs
↑25K TEUs ↑138K
TEUs
↓2K TEUs
Source: AAPA and Port Authorities Prepared by VPA, Market Analysis and Strategy
6.7% US East Coast Growth: 6.6%
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Growth and Congestion
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Improving Velocity
• Creation of the Motor Carrier Task Force: March 5
• Introduction of “yard hustlers” into the rail operation: May 26
• Implementation of N4 terminal operating system: June 20
• Reopening Portsmouth Marine Terminal: Sept. 15
• Implementation of the automated gate: Sept. 30
• Port Productivity Summit: Oct. 28
• Implementation motor carrier appointment system: Nov. 30
• Use of Differential Global Positioning System (DGPS): Dec.
• Construction of the North Gate Complex
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Economic Engine
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Economic Impacts
• The Port of Virginia is an economic engine for the
Commonwealth
o 343,000 port and port-related jobs statewide
o $41 billion in business revenues
o $1.2 billion in state and local taxes
• Increased port growth results in more jobs and revenues
for the Commonwealth
• Updated economic impact study due in December 2014
Source: 2006 Economic Impact Study by William & Mary Mason School of Business
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Selected Distribution Facilities Using The Port of Virginia
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CYTD 2014 Announcements
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Allegheny Warehouses
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64 Express Marine Highway Connector
• 77 nautical miles from Norfolk
to the Port of Richmond • Sustainable transportation
mode with capacity to expand • “64 Express” container barge
service began in 2008 • In 2014 the service is
available 3 days a week
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The Virginia Inland Port Virginia
Inland Port Economic engine for the Commonwealth
39 major companies have located near the Virginia Inland Port
• Investment of nearly $748 Million
• Over 8 Million sq. ft. of buildings
• Employment of over 8,000 people
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The Virginia Inland Port
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Roanoke Region Customers Using the Port
Top Import • Uttermost • Advance Stores Co. • McAirlaid’s Inc. • Dynax America Corp • Virginia Transformer Corp • Grand Home Furnishings • Orvis Co Inc. • Gabriel Warehouse • Elizabeth Arden • Cooper Classics • Ardagh Packaging
Top Export • ATI International • QC Veneer and Logs • Advantage Timber Product • Capco Machinery Systems • TMEIC Corporation
24% 2014 vs 2013 through August
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Panama Canal and Suez Canal
Suez Canal
Panama Canal
Via Panama Canal
Distance: 11,021 nautical miles
Via Suez Canal
Distance: 11,705 nautical miles
Port of Virginia
Suez Canal
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55-foot Channel
45 ft.
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Ideally Situated – Population Centers and 2040 Cargo Forecasts
Less than 6,600 TEUs
6.601 - 33,000 TEUs
33,001 - 88,000 TEUs
88,001 - 198,000 TEUs
198,001 - 440,000 TEUs
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The Future
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Craney Island Marine Terminal
Phase 1 – June 2025 Total Acreage: 220 Pier Length: 3,000 ft.
Cranes: 6 Capacity: 1.5M TEUs Cost: $1.2B
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Four Priorities Excellence in Operations Fiscal Responsibility Sustainable Growth Living Our Values
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Stewards of Tomorrow
www.portofvirginia.com/contact/survey