Commonwealth Transportation Board February 15, 2012
Intermodal Movement to and from The Port of Virginia
Jerry Bridges Executive Director Virginia Port Authority
1 VPA Terminals
2 Top 10 U.S. East Coast Ports*
U.S. East Coast Rank Port TEUs Market Share 1 New York/New Jersey 5,292,025 31% 2 Savannah 2,825,179 19% 3 The Port of Virginia 1,895,017 11% 4 Charleston 1,364,504 8% 5 Jacksonville 857,374 5% 6 Miami 847,249 5% 7 Port Everglades 793,227 5% 8 Baltimore 610,922 4% 9 Philadelphia 276,106 2% 10 Wilmington (NC) 265,074 2%
*2010 data 3 The Port’s Economic Impact
• Cargo worth more than $41 billion is moved to more than 14,000 U.S. businesses in 48 states
• 343,000 jobs, every 9th job in Virginia
– $13.5 B in income
– Total revenues of $41.1 B
FY 06 Virginia Economic and Fiscal Impacts of Virginia Port Authority Operations, The Mason School of Business Compete Center, Jan.2008 4 Intermodal Transportation
Trucks 66% Barge 4%
Rail 30%
5 Forecasted Global Demand • U.S. containerized cargo traffic will grow at twice the rate of GDP U.S. Containerized Cargo Forecast 90,000,000
80,000,000
70,000,000
60,000,000 Forecasted: 40 M TEUs Growth by 2022
50,000,000
TEUs 40,000,000
30,000,000
20,000,000
10,000,000
0
GDP (2-3%) TEUs Forecast 6 Population Centers & 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
7 Panama Canal Expansion
• Complete 2014-2015 • Expanded by 400’ long, 70’ wide, 18’ deep • Ships holding up to 18,000 TEUs will be able to traverse the canal – Currently moves ships with 4,400 TEUs
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Port is Poised for Growth
• Virginia has elements of a successful port – Unrestricted deep water channels – Efficient port infrastructure – Efficient inland transportation • Advantages over competitive ports – Other East Coast ports have limited expansion options – Virginia is the only port in the U.S. with a permitted expansion project in place
9 Port Channel Depths
35
40 40 40 42 42
40 45 45 42 45 45 50
45 Desired Depth (ft) 45 * Authorized Depth (ft) * $277 M Current Depth (ft) 50 48
50 $625 M 50 50 50 $1,600 M $310 M $150 M
55 55 $266 M
60
* Costs not available 10 International Gateway
Intermodal Connections Heartland Corridor National Gateway Crescent Corridor
Europe Chicago
Craney Island Marine Terminal St. Louis 54,000 jobs Virginia $6B in national benefits service to all U.S. markets in 48 states
Memphis
Atlanta Suez Canal International Trade Lanes The Port of Virginia’s deep channels make it the only East Coast port able to handle world’s largest ships
South Panama America Canal Expansion
11 NIT Central Rail Yard
• Six new on-dock rail lines • Doubles capacity of rail yard
12 Median Rail 2nd Track
• 2nd track provides a second parallel connection to APMT; improves rail capacity and efficiency
13 APM Terminals
• CSX service began January 1st, 2012
14 Virginia Inland Port
• Warren County, west of D.C. • 5-day-a-week rail service • Within 1 mile of I-66 and 5 miles of I-81 • Generates 7,000 jobs
15 Inbound and Outbound Daily TrainDaily Counts Truck Counts
I-64 Total: 3,866 Port: 268 NIT NS: 5 each Route 460 Total: 1,795 Port: 56
APMT ISLE of WIGHT CSX: 1 each NS: 1 each Route 58 Total: 2,170 Port: 275
16 Virginia Distribution Centers
17 Daily Traffic Counts
HRBT 85,000
NNMT
MMBT 59,000
CIDMMA NIT
APM PMT
Midtown Tunnel 35,000 Downtown Tunnel 90,000
18 Transportation Projects to Ease Regional Congestion
I-64 Widening HRBT Extension
Patriot’s Crossing
I-564 Extension
CIRRC
Midtown Tunnel
MLK Extension
19 Transportation Projects to Ease Regional Congestion
ISLE of WIGHT
Proposed New U.S. Route 460
20 Thank You
21