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Followups


Robert Powell


rpowell@va-business.com


Football game at track breaks a world record


Port of Virginia reports its second


consecutive profitable year The Port of Virginia has reported its second consecutive profitable year. The port had operating income of $4.76 million during fiscal year 2016, which ended in June, according to preliminary, unaudited results. Final results are expected to be reported in coming months.


The 2016 financial performance


represents a decline of 65 percent from $ 13.6 million recorded in fiscal year 2015. Nonetheless, two profitable years represent a financial turnaround. The port had reported losses of $120 million over the five


years before 2015. Three years ago, in fact, the commonwealth weighed offers to sell the port’s operations. Over the fiscal year, cargo volume


at the port (measured in 20-foot equivalent units or TEUs) rose 2.5 percent to a record 2.57 million. Rail containers at the port


increased 9.7 percent during the fiscal year to 511,096.


In its September issue, Virginia Business looked at the port’s prospects following the recent opening of the expanded Panama Canal.


The long-awaited Battle at Bristol took place Sept. 10 at Bristol Motor Speedway. The converted racetrack attracted 156,990 fans to a game be- tween the University of Tennessee and Virginia Tech. According to the Guinness Book


of World Records, the game — won by Tennessee, 45-24 — broke an at- tendance record previously set by a 2013 contest between the University of Michigan and Notre Dame in Ann Arbor, Mich.


The magazine looked at Bristol’s


preparations for the game in an April community profile.


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Port: Photo courtesy Port of Virginia Battle at Bristol: AP Photo/Mark Humphrey


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