The Port of Virginia’s 2023 Shipper of the Year Award goes to Lowe’s, one of the port’s biggest users. At the Virginia Maritime Association International Trade Symposium, the port annually presents the honour. It honours a distinguished shipper who collaborates with the port to improve it for all users.
The Port of Virginia’s 2023 Shipper of the Year Award goes to Lowe’s, one of the port’s biggest users.
Thomas D. Capozzi, chief sales and marketing officer at Virginia International Terminals LLC, the port’s private operating firm, gave the award on October 5. Pennie Ayers, vice president of supply chain transportation, Brian Bernarding, senior director of international transportation and logistics, and Sean Conner, senior manager of government affairs, were there to accept the award on behalf of Lowe’s. Glenn Youngkin, the governor of Virginia, complimented the Lowe’s team as he was also present at the ceremony.
At the Virginia Maritime Association International Trade Symposium, the port annually presents the honour.
One of the political divisions of the Commonwealth of Virginia is the Virginia Port Authority (VPA). The port rents Virginia International Gateway and Richmond Marine Terminal and owns Norfolk International Terminals, Newport News Marine Terminal, and Virginia Inland Port. All five terminals are run by the VPA through Virginia International Terminals, LLC (VIT), a private operational subsidiary. According to a recent economic impact study from The College of William & Mary, the Port of Virginia helped generate $63 billion in gross state product and more than 565,000 employees statewide in fiscal 2022.
It honours a distinguished shipper who collaborates with the port to improve it for all users.
A FORTUNE 50 home improvement company, Lowe’s Companies, Inc. (NYSE: LOW) completes around 17 million consumer transactions each week in the United States. With more than $97 billion in overall sales for the fiscal year 2022, $92 billion of those were made in the United States, where Lowe’s has more than 1,700 home improvement stores and 300,000 employees.
Lowe’s announced plans to build the 1.5 million square foot import distribution centre in Suffolk, Virginia’s Virginia Port Logistics Park, in October 2022.