Virginia Port Officials, Buoyed by State's $350 Million Aid, See Bright Future, Some Rough Water
At the Virginia Port Authority board meeting, there was a nearly euphoric sense of gratitude in the wake of the General Assembly’s OK of a $350 million state-backed bond deal – driven by Gov. Terry McAuliffe – supporting the growth of the port’s biggest container terminal, Norfolk International Terminals.
Port of Virginia Container Volume Rebounds
After a three-month lull, container volume at the Port of Virginia’s terminals bounced back significantly in February, increasing nearly 24% from the same month a year ago.
Transportation Funding Hike All But Dead in West Virginia
West Virginia bases its fuel taxes on the wholesale price, a policy that cost the state 2.6 cents per gallon of revenue during the past two years.
West Virginia Senator Says It's Time to Address State’s Roads
As the Senate Transportation Committee advanced a bill Feb. 9 to keep tolls on the West Virginia Turnpike, one senator said it's well past time for the state to have a plan for transportation funding.
Virginia Port Authority Hoping for Increased Volume to Climb Out of $5.5 Million Hole
Volume will determine whether the Virginia Port Authority can climb out of a $5.5 million hole in the first half of the fiscal year and come out ahead, leaving it with the $2.8 million in operating income it originally budgeted, the port said.
Port of Virginia Breaks Another Yearly Record for Container Volume
For the third year in a row, the Port of Virginia set a record for cargo container volume in 2015, while also setting all-time highs for truck and rail-container volume.
Proposal to Change Regional Gas Tax Among Slew of Virginia Assembly Transportation Bills
Virginia state Sen. Frank Wagner is considering two bills in this year’s General Assembly that would change the regional gas tax to help fund upcoming big-ticket transportation infrastructure in Hampton Roads.
Port of Virginia Signs Trade Pact With Cuba
Port officials in Virginia and Cuba have signed a pact expected to increase agricultural exports to the Caribbean nation, Gov. Terry McAuliffe announced Jan. 5.
Truckers Will Benefit From Northern Virginia Road Improvements
Some relief is on the way for truckers who battle Northern Virginia’s heavy traffic on Interstates 95 and 395.
Port of Virginia Sets TEU Record in May
The Port of Virginia said it set a record for 20-foot-equivalent unit volume in May, eclipsing the previous record that was set in March.