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A gust of new jobs
Twenty-seven miles as the seagull flies off the coast of Virginia Beach, two wind turbines, each about 600 feet tall — taller than the Washington Monument — have the ability to generate 12 megawatts of electricity, enough to power 3,000 homes. In three years, 174 more wind turbines will join them with more than 200 […]
Port of entry
By all accounts, the Port of Virginia and the overseas shipping industry as a whole are major economic drivers in the commonwealth, with an upward trajectory expected to continue. For fiscal year 2022, the port’s TEU (20-foot equivalent unit) container volume hit a record 3.7 million units, a 14.7% increase from 2021, which marked its […]
April 2023 Top Five
The top five most-read daily news stories on VirginiaBusiness.com from Feb. 14 to March 13 included an update on the Lego Group’s Chesterfield County factory, which is expected to begin production in 2025. 1 | Lego to hire 500 Chesterfield employees by year’s end The Danish toymaker expects to create more than 1,760 jobs at […]
At max capacity
Supply chain and logistics executives used to joke that no one knew or understood what their jobs were — that is, until the COVID-19 pandemic upended how goods were transported to warehouses and ultimately to customers. “Until you start to look behind the scenes, you don’t know how all of this gets to your door […]
Lease signed for Fairwinds Landing in Norfolk
The ball has started rolling on the $100 million project turning the Lambert’s Point Docks property in Norfolk into Fairwinds Landing, a maritime operations and logistics center to support the local offshore wind, defense and transportation industries. The Miller Group signed a lease for the 122-acre site owned by Norfolk Southern Corp. It has 20 miles of […]
ODU to create supply chain, logistics, maritime school
Old Dominion University will create a School of Supply Chain, Logistics, and Maritime Operations, pending approval from the State Council of Higher Education for Virginia, the university announced Friday. In its June meeting, the university Board of Visitors approved a resolution to create the school, effective Oct. 15. “Coordinating our academic and research initiatives through […]
Setting a course
Each week, MDV SpartanNash LLC, the nation’s leading supplier for overseas U.S. military commissaries and exchanges, loads 100 to 200 containers filled with everything from peanut butter to clothing aboard steamships bound for Europe, Africa, Bahrain, Kuwait and Honduras, as well as Puerto Rico and Guantanamo Bay. “In places like Guantanamo Bay and Bahrain, there’s […]
Turning on a dime
Though many American consumers may not think about it much, trucks move just about everything they buy, use, eat, drink and wear. The U.S. trucking industry hauled 72.5% of all freight transported nationwide in 2019, according to the Arlington-based American Trucking Associations. Why should anybody care? Because the ranks of truckers are shrinking: Last year, […]
Port of Virginia
In fiscal 2021, the Port of Virginia set cargo records, generating more than $100.1 billion in ancillary economic impact, according to a report from William & Mary’s Raymond A. Mason School of Business in conjunction with Glen Allen-based Mangum Economics. The six-terminal system generated 436,667 jobs, $47.4 billion in Virginia gross state product, $27.2 billion […]
Next stop — civilian life
“About every 15 minutes,” Shawn Avery’s phone at the Hampton Roads Workforce Council rings with an employer calling to find skilled workers to fill vacancies, he says. Avery is president and CEO of the council, which oversees federally funded workforce development programs and links employers and workers. In the present tight labor market, he says, […]
Solid prospects
Detlev Peters has walked into convenience stores in the Hampton Roads area a couple of times recently to find the candy aisle shockingly empty. “Hershey’s, Reese’s, M&M’s, everything, like they would just have a clean shelf of just nothing,” marvels Peters, who graduated with a degree in maritime and supply chain management from Old Dominion […]
