Port profits continue
Published 10:32 pm Friday, January 30, 2015
The Port of Virginia posted its sixth consecutive profitable month in December, with an operating income of $631,114 and more than 200,000 TEUs (20-foot equivalent containers) moved.
“The port is a one-of-a-kind economic asset for our commonwealth and we finally have the leadership in place to leverage it,” stated Gov. Terry McAuliffe, announcing the news.
“I look forward to continuing to work with the Virginia Port Authority Board of Commissioners and staff to continue this outstanding growth trend as we work together to build a new Virginia economy.”
Virginia Secretary of Transportation Aubrey Layne stated that authority CEO and executive director John Reinhart “has brought stability to the port, and many of its initiatives are beginning to bear fruit.”
But challenges remain, according to Layne, “(though) we are confident in the port’s ability to address them and continue the progress we are celebrating today.”
The port’s operating profit in the first half of fiscal 2015 was $6.2 million, compared with an operating loss of $10.6 million in the same period of fiscal 2014, Reinhart stated.