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Fed’s Fifth District economy grows slightly
Strong consumer spending drives growth
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) grew slightly in recent weeks, according to the latest
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Fed Fifth District economy shrinks slightly
Customers push back on price growth in several industries
Published
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has contracted slightly since March, according to the latest
10 Va. companies graduate VEDP export program
VALET program for international exports has 350 graduates
Published
Ten Virginia companies are the latest to graduate from the Virginia Economic Development Partnership’s Virginia Leaders in Export Trade (VALET) program, which helps companies work on international export growth strategies,
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CV International subsidiary acquires Ga. shipping company
Capes Shipping Agencies purchased Ryan Ship Services
Published
Norfolk-based CV International Inc. subsidiary Capes Shipping Agencies announced Wednesday that it had acquired Savannah, Georgia-based Ryan Ship Services LLC. Financial terms of the transaction were not disclosed. “This merger
Port of Va. had $100B+ economic impact in FY21
Port set cargo handling record amid pandemic
Published
Amid some of the toughest months of the pandemic, the Port of Virginia set cargo records, processing more than 3.2 million TEUs (20-foot equivalent units) for the fiscal year ending
Transportation
Maritime | Ports | Logistics
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ED ALDRIDGE PRESIDENT, CMA CGM AMERICA LLP AND APL NORTH AMERICA, NORFOLK Aldridge took over as president of CMA CGM America in June 2020, and he has served as president
Eight Va. companies graduate from VEDP export program
VALET program helps companies grow international exports
Published
Eight companies became the latest to graduate from the Virginia Economic Development Partnership’s Virginia Leaders in Export Trade (VALET) program, Gov. Ralph Northam announced Friday. The VALET program helps Virginia
10 Va. companies join VEDP’s export trade program
VALET program helps companies work on international export strategies
Published
The Virginia Economic Development Partnership (VEDP) announced Wednesday that 10 new companies have been accepted into its two-year Virginia Leaders in Export Trade (VALET) program, which helps companies work on
Kaine introduces legislation to establish HBCU business centers
Reaching America's Rural Minority Businesses Act would establish up to 10 centers
Published
U.S. Sens. Tim Kaine (D-Virginia) and Roger Wicker (R-Mississippi) announced Tuesday they have introduced the Reaching America’s Rural Minority Businesses Act, which would establish up to 10 minority business centers
The soybean dilemma
Va. soybean exports to China plunged under Trump; would Biden do better?
Published
One thing’s for certain: The one-two punch of the U.S.-China tariffs battle followed by the coronavirus pandemic has hurt farmers in Virginia. But opinions are divided on the future of