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Former Va. finance secretary Layne named port authority chair
Former state finance and transportation secretary Aubrey L. Layne Jr. has been named chair of the Virginia Port Authority’s Board of Commissioners, the Port of Virginia‘s administrative body announced Wednesday. Layne is a veteran of Virginia government, having served as secretary of finance under Gov. Ralph Northam and secretary of transportation under Gov. Terry McAuliffe. […]
Coffee roaster to invest $29M to expand Suffolk facility
Massimo Zanetti Beverage USA, the North American operating unit of the Italian coffee roaster Zanetti Beverage Group, will invest $29.1 million to consolidate and expand operations at its Suffolk roasting facility, a project expected to create 79 jobs, Gov. Glenn Youngkin announced Monday. “Massimo Zanetti Beverage USA’s continued expansion in Virginia speaks volumes about the […]
Port of Va. partnering with Norfolk Southern
The Port of Virginia is part of a new partnership with Norfolk Southern Corp., Hapag-Lloyd and Union Pacific Railroad. The partners will provide expedited train shipping from the East Coast to the western U.S., Norfolk Southern announced last week. The partnership, called OceaNS Bridge Express, will start at the Port of Virginia’s Norfolk International Terminals […]
Tech manufacturer to add 32 jobs in Newport News
Newport News-based automated machinery designer Mühlbauer Inc. will invest $9 million to expand its Newport News operation, a project expected to create 32 jobs, Gov. Glenn Youngkin announced Thursday. Mühlbauer Inc. is the U.S. subsidiary of German company Mühlbauer Group. The company will make upgrades to its Oakland Industrial Park facility and add production equipment. […]
Port, Army Corps formalize dredging cost-share agreement
The Port of Virginia and the U.S. Army Corps of Engineers signed an agreement Friday that formalized their collaboration on the Norfolk Harbor dredging project to deliver the East Coast’s widest and deepest channels by 2024. The Army Corps also will use federal funding to award its first construction contract for the project, which started […]
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 […]
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 […]
Forward motion
Shenandoah is known for apple blossoms, but something else is popping up this spring in Front Royal: a new 340,000-square-foot warehouse logistics center. About a half-mile from the Virginia Inland Port, the center is one of roughly a dozen projects in the region built by Equus Capital Partners Ltd., a commercial real estate agency based […]
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 […]
Sound investments
Let’s simply call it a magazine publisher’s reality check. When news reports of supply chain disruptions and record backups at West Coast ports began to appear last year, I immediately thought, “What’s going on at the Port of Virginia?” When I leave downtown Norfolk, it is almost always via the Midtown Tunnel. Emerging from the […]
Port of Virginia in midst of major upgrades
For seemingly the first time ever, the shipping and logistics industry dominated all the headlines, Stephen Edwards, CEO and executive director of the Virginia Port Authority, which oversees the Port of Virginia, told a crowd of about 460 at the State of the Port event Thursday in Virginia Beach. At the annual event, hosted by […]
Perdue AgriBusiness plans $59M Chesapeake expansion
Perdue AgriBusiness will invest $59.1 million and expand operations in the city of Chesapeake, Gov. Glenn Youngkin’s office announced Thursday. The company, an affiliate of Perdue Farms Inc., will modernize facilities and increase production of high protein soybean meal, soybean oil and hulls. The expansion will position Perdue to expand soybean crushing capability to include […]
