The Port of Virginia set a new mark for volume in fiscal 2014, handling more than 2.3 million twenty-foot equivalent units in the twelve months ending June 30, eclipsing the previous fiscal year record by 140,476 TEUs.
The planned 190-acre facility will be the first new multi-purpose marine terminal to be constructed on the Delaware River in over 30 years.
According to Trucking Moves America Forward, trucking is responsible for shipping goods and materials to 80% of communities in the U.S., moves 9.2 billion tons of freight annually, and creates 7 million jobs nationally.
A new report finds that the nation’s rural transportation system is in need of modernization to address deficient roads and bridges, due in part to increased truck traffic, and suffer from high crash rates and inadequate capacity.
The U.S. third-party logistics market gross revenue grew 3.2% from 2012-2013 and growth will be 5.2% for 2014 as the U.S. economy continues to expand.