Supply Chain & Logistics

A strong transportation network and competitive tax rates and business costs make it easy for supply chain management and logistics companies to succeed in Hanover.

Advantages for Supply Chain Management & Logistics

More than half of the nation’s consumers and more than half of the nation’s manufacturers are located within 500 miles of the Greater Richmond region.
Hanover has prime access to Interstates 95, 295 and 64. This access equates to lower operating costs with quick shipments of “just-in-time” inventories.
There are more than 100 motor freight companies and brokers.
UPS and Fed Ex district hubs are located in the area.
The Port of Richmond provides weekly container service to Antwerp and Liverpool and bi-monthly container/temperature-controlled container service to Canada and Iceland.
The Port of Richmond also provides service to the Mediterranean, Canada, Mexico, South America and the Caribbean.
The Port of Virginia is less than two hours away, with service from more than 75 international shipping lines and more than 5,000 sailings annually.
CSX and Norfolk Southern provide rail service in the Richmond metropolitan area.
Richmond International Airport has a foreign trade zone (FTZ) established. FTZs allows companies to defer paying customs duties on goods until they leave the zone for domestic consumption.
Building costs are 12 percent below the national average.
Merchant’s capital or inventory tax is based only on inventory in place on January 1 of each year.
The Commonwealth of Virginia is a right-to-work state. There are low levels of unionization and union election activity in the metro area and state.
Workers’ Compensation and Unemployment Compensation costs are among the lowest in the U.S.

Supply Chain & Logistics

Supply Chain & Logistics

Advantages for Supply Chain Management & Logistics

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