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Global Logistics
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Warren Hammer
Project Manager . Business Development . Transportation Team
804-545-5724
WHammer@YesVirginia.org
- Employs more than 75,800 people
- More than 3,600 global logistics companies
- Access to international markets provided by the Port
of Virginia and Washington-Dulles International Airport
- Central location on the Atlantic Coast provides interstate
and rail access to the Northeast, Southeast, and Midwest
- The Port of Virginia consists of terminals at Newport
News, Norfolk, and Portsmouth, as well as the Inland Port in Front Royal
- The Port of Virginia is one of the busiest container
ports on the East Coast and handled 2.1 million TEUs in 2007
- Has a direct economic output of $7.2 billion
In 2007, Virginia's Global Logistics Industry employed more than 75,800 people. The top three Global Logistics sectors by employment are Trucking (23,400), Warehousing (28,900), and Transportation Support (15,000). These three sectors comprise 78% of all Global Logistics Industry employment in Virginia. The economic output of Virginia's Global Logistics Industry is $7.2 billion. Global Logistics supports an additional $5.5 billion in economic activity in Virginia.
Virginia is home to 3,663 Global Logistics companies involved in the planning, management, and transportation of freight. The top three sectors for the Global Logistics Industry are Trucking (2,169), Transportation Support (776), and Warehousing (387). These three sectors comprise 91% of Virginia's Global Logistics companies.
Major
Global Logistics Companies in Virginia |
ABF Freight System
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Con-way |
CSX |
DHL |
DSC Logistics |
DynCorp International
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Estes Express Lines |
FedEx |
Maersk |
Norfolk Southern |
NYK Logistics |
Richmond Cold Storage |
Schenker |
Schneider |
Swift Transportation |
Target |
UPS |
Wal-Mart |
Yellow Freight |
Zim American Israeli
Shipping |
In the past ten years, 415 Global Logistics Industry projects have announced almost 23,000 new jobs and investments of $2.0 billion.
Recent
major announcements include: |
American Port Services
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AmeriCold Logistics |
Home Depot |
Hudd Distribution
Services |
Manufacturing Services
Logistics |
McLane Food Service |
Mercantile Logistics |
SYSCO |
Target |
Wal-Mart |
The Port of Virginia is the second largest intermodal facility on the East Coast and, due to natural harbor depth and Suez-class cranes, is the only East Coast location capable of handling post-Panamax vessels as first port of call.
The Port offers a schedule of approximately 3,000 sailings annually to more than 250 ports in 100 foreign countries. It's facilities consists of:
- Newport News Marine Terminal
- Norfolk International Terminals
- Portsmouth Marine Terminal
- Virginia Inland Port in Front Royal
- APM/Maresk Terminal in Portsmouth
The Port of Virginia currently handles 2.1 million TEUs. By 2017, activity at the new APM/Maersk Terminal will push the container volume to 4.2 million TEUs. The Craney Island Marine Terminal under construction will take the container volume to 8.4 million TEUs by 2032.
The Port of Richmond is 78 miles upriver from Newport News and provides convenient access to I-95 and is supported by CSX and Norfolk Southern.
The Port of Virginia is supported by Norfolk-Southern and CSX. These two rail lines provide thorough coverage of the states east of the Mississippi River and provide transfer opportunities in major Midwest cities. Norfolk Southern is in the process of expanding its Heartland Corridor route from to Chicago to reduce shipping time and costs.
- The Port of Virginia
- Two of the nation's largest railroads, CSX Corporation
and Norfolk Southern Corporation, have extensive infrastructure throughout
the State
- Fourteen railroads operate on more than 3,400 miles
of railway in Virginia, of which more than 3,100 miles are Class I—one
of the strongest rail networks in the nation
- Six interstate highways and direct, double-stacked
rail connections provide quick access to Northeast, Southeast and Midwest
markets
- 14 commercial airports serve the Commonwealth, including
two of the nation's largest, Washington Dulles International and Ronald
Reagan Washington National
The Commonwealth of Virginia offers companies a favorable
business environment characterized by a stable, competitive tax structure and
legislation that protects "at will" and "right-to-work" employment practices.
- Worker's compensation and
unemployment insurance payroll expenses are consistently among the lowest
in the nation
- 6% corporate income tax accounts
for less than 10% of total state tax revenues and has not changed in over
thirty years
- Manufacturers receive broad
sales tax exemptions for purchases of machinery, tools, replacement parts
and raw materials used in the production process, as well as all utilities
delivered through pipes, mains, and lines for all purposes
- Virginia does not tax accounts
receivable, inventory, computer software or other intangibles, and does
not levy a license tax on gross receipts
- The primary local taxes apply
to real estate and machinery and equipment
- There are no school taxes
in Virginia
- Virginia has extremely reliable
electric service at very competitive rates—average cost per unit of
electricity for the industrial sector is 4.63 cents in Virginia, compared
to 6.15 cents for the nation
- Unsurpassed quality of life—healthcare, educational
and recreational benefits for families rank among the finest available anywhere
in the United States
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