Restructuring of VPA and VIT underway

The decision authorises the officers of VPA and its terminal operating company, Virginia International Terminals (VIT), to carry out the necessary work to implement reorganisation.

“I want to make clear that this is not a workforce reduction effort; VPA and VIT each went through that exercise four years ago,” said William Fralin Jr., chairman of the VPA board.

“Rather, this collaborative effort sets out multiple goals; streamlining operations, creating efficiencies, improving communications, [and] speaking to the market with a unified voice by eliminating duplication where possible.  The ultimate goal is to make the Port of Virginia the gateway port on the US East Coast,” he added.