greater richmond, virginia · 2017. 6. 28. · estes express lines less-than-truckload trucking...
TRANSCRIPT
Greater Richmond, Virginia
“‘K’ Line America is a wholly owned subsidiary of a Tokyo shipping company and we brought our business to Virginia after a national search for locations in which to centralize all of our business functions … we were looking for a city that could reduce our operating costs but at the same time offer a quality of life to entice some of our more tenured employees to relocate to the new site with us.”
David Mills, Senior Vice President & Corporate Secretary of “K” Line America
MSC connects the Richmond Marine Terminal to more than 315 global ports
At the intersection of Interstates 95, 64, 195 and 295
More than 100 motor freight companies serve the region
With undergraduate and graduate programs in industrial and logistics technology, supply chain management and transportation plan-ning and analysis, the concentration of the U.S. Army’s logistics training at Fort Lee, and a range of businesses focused on innovat-ing new systems and technologies, Greater Richmond has the resources to lead the surge in supply chain analytics, technology and process development.
The world is in easy reach from Greater Rich-mond! Four major interstate highways, includ-ing I-95, cross through the region. Additional infrastructure includes air cargo capacity, two Class I rail lines, and a port with connections to the Port of Virginia – the only port on the East Coast currently deep enough to handle Post-Panamax vessels.
Greater Richmond’s central location puts 45 percent of the U.S. population and a sig-nificant percentage of its manufacturing facili-ties within a day’s drive. And with warehous-ing prices well below the national average, it’s no wonder that companies like Owens & Minor, SuperValu, Wal-Mart and Amazon call Greater Richmond home.
Amazon Online retailer
DSC Logistics Freight and logistics software and services
Estes Express Lines Less-than-truckload trucking
FedEx Package carrier
“K” Line America, Inc. Marine transportation
Lineage Logistics Cold and dry storage
Lumber Liquidators Flooring distribution center
Medline Logistics and inventory management of medical supplies
Orbit Logistics Transportation and distribution solutions
PeakLogix Warehousing and distribution technology
Riverside Logistics Logistics management and consulting
SuperValu Grocery wholesaler
UPS and UPS Freight Package carrier
XPO Logistics Freight and logistics solutions
KEY COMPANIESBelow is a representative list of supply chain-related businesses that operate in the Greater Richmond region:
n Fort Lee is a major U.S. Army training center, home to the U.S. Army’s Combined Arms Support Com-mand, Quartermaster School, Logistics Management College, and Defense Commissary Command. Under 2005 BRAC recommendations, Fort Lee has roughly doubled its space and personnel and now has a total daily supported population of about 26,000.
n Defense Supply Center Richmond (DSCR) is the aviation demand and supply chain manager for the Defense Logistics Agency. Employing 3,000, it is the primary source of supply for more than 1.2 million repair parts and operating supply items for more than 1,300 major weapons systems.
Logistics Research & Analytics
Multi-Modal Transportation & Warehousing
Wholesale Trade
SECTOR HIGHLIGHTS
GREATER RICHMOND’S MILITARY LOGISTICS FACILITIES
INDUSTRY INCENTIVESBelow is a sampling of available incentives for supply chain management businesses. Contact the Greater Richmond Partnership, Inc. for further information about additional incentive opportunities.
95
295
295
295
64
64
ChesterfieldAirport
1301
288
76
288
1
73
Henrico
Richmond
Hanover
Chesterfield
James River
85
95
Richmond InternationalAirport
HanoverAirport
150
301
H
Ai
895
R R
R R
R R
Port ofRichmond
R R
Average commute time
is only 25 minutes
Norfolk Southern & CSX provide
rail freight service
TRANSPORTATION & ACCESS TO MARKETWhether shipping perishable food products to market or machinery to customers, it’s easy to move goods in any direction from Greater Richmond. Interstates I-64, I-95, I-85 and I-295 converge in the metro area, putting 45 percent of the US population and a significant per-centage of its manufacturers within a day’s drive. Two of the nation’s largest rail operators provide freight service on double-stack Class I rail lines.
The Richmond International Airport (RIC) handles about 85 million pounds of cargo annually and is designated as a Foreign Trade Zone #207. The Richmond Marine Terminal provides domestic and inter-national multi-modal shipping opportunities including service to the Port of Virginia, which is the third-largest container port on the U.S. East Coast with service from nearly 30 international shipping lines to 200 countries.
UPS & FedEx district hubs are located in the
region
Amazon, the nation’s largest online retailer, opened a 1 million-square-foot fulfillment center in
the region in Fall 2012.
Local universities offer degrees in supply chain management
and analytics, and industrial and logistics technology.
Greater Richmond offers affordable wages and a skilled labor force of over 43,000 supply chain workers comfortable with 24/7 operations.
Barge and Rail Usage Tax Credit Tax credit given for moving goods by barge or rail
International Trade Facility Tax Credit Tax credit given for increasing the amount of cargo transported through a port facility and creating new jobs or capital investments
Port Volume Increase Tax Credit Tax credit for manufacturers or distributors who increase port usage
Foreign Trade Zone Allows businesses to defer paying U.S. Customs duties on imported goods held within the zone
Virginia Economic Development Incentive Grant Assists and encourages companies to invest and to provide new employment
Virginia Jobs Investment Program Supports the creation of new jobs and investment and helps businesses train new and existing workers
Enterprise Zones Specially designated zones offer additional incentive opportunities
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901 East Byrd Street | Suite 801 | Richmond, VA 23219 USA | 804 643 3227 | grpva.com
The Greater Richmond Partnership, Inc., is the regional economic development group representing the City of Richmond and the Counties of Chesterfield, Hanover and Henrico. We offer site location assistance and other services to domestic and foreign companies planning new or expanded facilities.
Miami
Boston
Richmond
WHY GREATER RICHMOND FOR YOUR BUSINESS? Richmond is the capital of Virginia, the center of commerce, government and academic endeavors:n Home to 8 Fortune 500 headquartersn Population of nearly 1.3 millionn Diverse local economyn Located at the mid-point of the East Coast, less than 100 miles from Washington, D.C., with more than 50 percent of the nation’s consumers within a 750-mile radiusn Excellent transportation network with rail, air, and port servicen Nearly 30 colleges and universities with almost 80,000 stu-dents and more than 15,000 degrees conferred annuallyn Virginia is a right-to-work state with moderate wages, low levels of unionization, and Unemployment and Workers’ Com-pensation costs among the lowest in the U.S.
Top 10 Best States for Business
- Forbes, 2015
Top 10 Mid-Sized American Cities
of the Future- fDi Magazine,
2015
Best Big City
Job Markets- ZipRecruiter,
2015
This Supply Chain Management cluster brochure is part of a library of information. Other cluster and specialty brochures include:
BUSINESS CLUSTERS
Supply Chain Management
Health & Life Sciences
Corporate Headquarters
Data Centers
Advanced Manufacturing
Finance & Insurance
Professional & Creative Services
Food & Beverage