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Industry in Norfolk, Virginia

After the military, the 2nd largest and most important industry for Norfolk based on economic impact are the region's cargo ports. The Virginia Port Authority (VPA) is headquartered in Norfolk, and owns and operates three major port facilities. Norfolk International Terminals (NIT) represents one of those three facilities and is home to the world's largest and fastest container cranes. Together, the 3 terminals of the VPA handled a total of over 2 million TEUs and 475,000 tons of breakbulk cargo in 2006, making it the 2nd busiest port on the east coast of North America by total cargo volume. In addition to NIT, Norfolk is home to Lambert's Point Docks, the largest coal trans-shipment point in the Northern Hemisphere, with annual throughput of approximately 48 million tons. In addition, many of the largest international shipping companies have chosen Norfolk as their North American headquarters.


Other major companies headquartered in Norfolk include Norfolk Southern Ticker: NS; a Fortune 500 company and one of the country's largest railroad operators, Landmark Communications; one of the country's largest privately owned media companies with ownership of several daily newspapers, local TV stations, specialty publications, and most famously, The Weather Channel and weather.com, Dominion Enterprises; a wholly owned subsidiary of Landmark Communications, a print and internet media group that includes numerous specialty publications and online classifieds, FHC Health Systems; one of the top 250 largest private companies in the US, specializing in health care management, health services, and online medical reports, and many more.


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Thursday, October 30, 2014