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 8 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 .