Economy Of Norfolk, Virginia
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Economy Of Norfolk, Virginia
Since Norfolk serves as the commercial and cultural center for the geographical region of Hampton Roads (and in its political structure of independent cities), it can be difficult to separate the economic characteristics of Norfolk, from that of the region as a whole. The waterways which almost completely surround the Hampton Roads region also play an important part in the local economy. As a strategic location at the mouth of the Chesapeake Bay, its protected deep water channels serve as major arteries for the import and export of goods from across the Mid-Atlantic, Mid-West, and international destinations, as well as being the location of the world's largest naval base. Military Hampton Roads is a major military center, particularly for the United States Navy, and Norfolk serves as the home for the most important of these regional installations, Naval Station Norfolk. Located on Sewell's Point Peninsula, in the northwest corner of the city, the installation is the current hea ...
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Langley Air Force Base
Langley Air Force Base is a United States Air Force base located in Hampton, Virginia, adjacent to Newport News. It was one of thirty-two Air Service training camps established after the entry of the United States into World War I in April 1917. In October 2010, Langley Air Force Base was joined with Fort Eustis to become Joint Base Langley–Eustis. The base was established in accordance with congressional legislation implementing the recommendations of the 2005 Base Realignment and Closure Commission. The legislation ordered the consolidation of the two facilities which were nearby, but separate military installations, into a single joint base, one of 12 formed in the United States as a result of the law. On February 4, 2023, an F-22 Raptor took off from the base and shot down a Chinese balloon, marking the jet's first-ever combat air kill. Overview The Air Force mission at Langley is to sustain the ability for fast global deployment and air superiority for the United ...
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CMA CGM
The Compagnie maritime d'affrètement - Compagnie générale maritime or CMA CGM is a French shipping and logistics company founded in 1978 by Jacques Saadé. The name is an acronym of two predecessor companies, Compagnie Maritime d'Affrètement (CMA) and Compagnie Générale Maritime (CGM), translating as "Maritime Freighting Company" and "General Maritime Company", respectively. The company is headquartered at the CMA CGM Tower in Marseille, France, and is the third largest container shipping company in the world. The company's 2024 annual revenue was US$55.48 billion. CMA CGM business activities include shipping, port operation, supply chain management and warehousing, with a presence in 160 countries through 400 offices, 750 warehouses, 155,000 employees and a wide fleet of 593 vessels. CMA CGM serves 420 of the world's 521 commercial ports and operates 257 shipping lines. History The history of CMA CGM can be traced back to the middle of the 19th century, when two ...
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Office Park
A business park or office park is a designated area of land in which many office buildings are grouped together. These types of developments are often located in suburban areas where land and building costs are more affordable, and are typically situated near major highways, roads, or train stations for easy access. Criticism While business parks can provide many benefits, such as providing employment opportunities and boosting the local economy, they can also have negative impacts on surrounding areas and communities. The impact of business parks on surrounding areas and communities has been criticized: *Large gaps between urbanized zones, increasing the suburban sprawl. *The appearance of the buildings. *Obsolescence, vacancy, and disrepair. To mitigate these negative effects, businesses and developers can take steps such as incorporating green spaces and sustainable design features into the business park, as well as maintaining and updating the buildings to prevent obsolesc ...
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Kentucky
Kentucky (, ), officially the Commonwealth of Kentucky, is a landlocked U.S. state, state in the Southeastern United States, Southeastern region of the United States. It borders Illinois, Indiana, and Ohio to the north, West Virginia to the northeast, Virginia to the east, Tennessee to the south, and Missouri to the west. Its northern border is defined by the Ohio River. Its capital is Frankfort, Kentucky, Frankfort and its List of cities in Kentucky, most populous city is Louisville, Kentucky, Louisville. As of 2024, the state's population was approximately 4.6 million. Previously part of Colony of Virginia, colonial Virginia, Kentucky was admitted into the Union as the fifteenth state on June 1, 1792. It is known as the "Bluegrass State" in reference to Kentucky bluegrass, a species of grass introduced by European settlers which has long supported the state's thoroughbred horse industry. The fertile soil in the central and western parts of the state led to the development ...
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West Virginia
West Virginia is a mountainous U.S. state, state in the Southern United States, Southern and Mid-Atlantic (United States), Mid-Atlantic regions of the United States.The United States Census Bureau, Census Bureau and the Association of American Geographers classify West Virginia as part of the Southern United States while the Bureau of Labor Statistics classifies the state as a part of the Mid-Atlantic (United States), Mid-Atlantic regionMid-Atlantic Home : Mid-Atlantic Information Office: U.S. Bureau of Labor Statistics" www.bls.gov. Archived. It is bordered by Pennsylvania and Maryland to the northeast, Virginia to the southeast, Kentucky to the southwest, and Ohio to the northwest. West Virginia is the List of U.S. states and territories by area, 10th-smallest state by area and ranks as the List of U.S. states and territories by population, 12th-least populous state, with a population of 1,769,979 residents. The capital and List of municipalities in West Virginia, most populou ...
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Bituminous Coal
Bituminous coal, or black coal, is a type of coal containing a tar-like substance called bitumen or asphalt. Its coloration can be black or sometimes dark brown; often there are well-defined bands of bright and dull material within the coal seam, seams. It is typically hard but friable. Its quality is Coal analysis#Coal classification by rank, ranked higher than lignite and sub-bituminous coal, but lesser than anthracite. It is the most abundant rank of coal, with deposits found around the world, often in rocks of Carboniferous age. Bituminous coal is formed from sub-bituminous coal that is buried deeply enough to be heated to or higher. Bituminous coal is used primarily for electrical power generation and in the steel industry. Bituminous coal suitable for smelting iron (''coking coal'' or ''metallurgical coal'') must be low in sulfur and phosphorus. It commands a higher price than other grades of bituminous coal (thermal coal) used for heating and power generation. Within the ...
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Maersk
(), usually known simply as Maersk ( ), is a Danish Freight transport, shipping and logistics company founded in 1904 by Arnold Peter Møller and his father Peter Mærsk Møller. Maersk's business activities include Port operator, port operation, supply chain management, Distribution center, warehousing and Air cargo, air freight. The company is based in Copenhagen, Denmark, with subsidiaries and offices across 130 countries and over 100,000 employees worldwide in 2024. It is a publicly traded family business, as the company is controlled by the namesake Møller family through Holding company, holding companies. The company's 2024 annual revenue was US$55.5 billion. Maersk has faced several challenges, including the 2022 stock market decline, global economic downturn, a Petya and NotPetya, malware attack, and the Red Sea crisis. History was founded in Svendborg in April 1904 by captain Peter Mærsk Møller (1836–1927) and his son Arnold Peter Møller, Arnold Peter (A. ...
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Elizabeth River, Virginia
The Elizabeth River is a U.S. Geological Survey. National Hydrography Dataset high-resolution flowline dataThe National Map , accessed April 1, 2011 tidal estuary forming an arm of Hampton Roads harbor at the southern end of Chesapeake Bay in southeast Virginia in the United States. It is located along the southern side of the mouth of the James River, between the cities of Portsmouth, Virginia, Portsmouth, Norfolk, Virginia, Norfolk, and Chesapeake, Virginia, Chesapeake. Forming the core of the Hampton Roads harbor, it is heavily supported by its tributaries which depend upon it. Through its Southern Branch and the Albemarle and Chesapeake Canal, the Elizabeth River also is a gateway to points to the south for the Atlantic Intracoastal Waterway, an inland path from the ocean providing a more sheltered navigable waterway to Florida for commercial and recreational boating. History The Elizabeth River was named by the Jamestown, Virginia, Jamestown colonists in the early 17th cent ...
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North America
North America is a continent in the Northern Hemisphere, Northern and Western Hemisphere, Western hemispheres. North America is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and the Caribbean Sea, and to the south and west by the Pacific Ocean. The region includes Middle America (Americas), Middle America (comprising the Caribbean, Central America, and Mexico) and Northern America. North America covers an area of about , representing approximately 16.5% of Earth's land area and 4.8% of its total surface area. It is the third-largest continent by size after Asia and Africa, and the list of continents and continental subregions by population, fourth-largest continent by population after Asia, Africa, and Europe. , North America's population was estimated as over 592 million people in list of sovereign states and dependent territories in North America, 23 independent states, or about 7.5% of the world's popula ...
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Containerization
Containerization is a system of intermodal freight transport using intermodal containers (also called shipping containers, or International Organization for Standardization, ISO containers). Containerization, also referred as container stuffing or container loading, is the process of unitization of cargoes in exports. Containerization is the predominant form of unitization of export cargoes today, as opposed to other systems such as the barge system or palletization. The containers have Standardization, standardized dimensions. They can be loaded and unloaded, stacked, transported efficiently over long distances, and transferred from one mode of transport to another—container ships, rail transport flatcars, and semi-trailer trucks—without being opened. The handling system is mechanized so that all handling is done with cranes and special forklift trucks. All containers are numbered and tracked using computerized systems. Containerization originated several centuries ago ...
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Norfolk International Terminals
The Virginia Port Authority (VPA) is an autonomous agency ( political subdivision) of the Commonwealth of Virginia that owns The Port of Virginia, a group of facilities with their activity centered on the harbor of Hampton Roads, Virginia. The principal facilities of the Port of Virginia are four marine terminals, all on the harbor of Hampton Roads: * Norfolk International Terminals (NIT) at Norfolk, Virginia * Portsmouth Marine Terminal (PMT) at Portsmouth, Virginia * Newport News Marine Terminal (NNMT) at Newport News, Virginia * Virginia International Gateway (VIG) at Portsmouth, Virginia one intermodal container transfer facility (dry port): * Virginia Inland Port (VIP) at Front Royal, Virginia and one inland marine terminal, which it operates via a lease: * Port of Richmond, in Richmond, Virginia A site on the harbor at nearby Craney Island has been identified for future expansion. Virginia International Terminals, Inc. (VIT), the Virginia Port Authority's non-stock, ...
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