The Port of New York and New Jersey handled record-breaking container volume in August and September, and that trend is expected to continue for October and the rest of the year.  Surging freight volumes are attributed to several effects of the COVID-19 pandemic, including retailers replenishing depleted stocks, a transition to the “stay at home” economy, and inventory management strategies that incorporate more “just-in-case” stock levels.  A busy, robust port offers a glimmer of hope during these difficult times, leading to increased economic activity and the creation of more jobs. As we look forward, and with an eye on maintaining the integrity of the supply,Read More →

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In: Cargo Volumes, Industry News/Advisory, Terminal News

Continuing its recovery to 2019 volume levels, the Port of New York and New Jersey surpassed its all-time September record as factories and manufacturers around the world ramped up activity in preparation for the holiday season and growing concerns of future supply chain disruptions. The Port reported total volume of 720,969 TEUs (399,803 containers) for September 2020, which was a 15.4 percent increase from the September 2019 totals of 624,961 TEUs (352,098 containers) i. This new record brings the Port’s volume through September to 5,382,422 TEUs (3,032,386 containers).  The seaport’s recovery was the lone bright spot in the overall financial performance of The Port Authority of New York and New Jersey, which reported last month continuing declines in revenue primarily due to low passenger volumes at the agency’s major airports, low ridership onRead More →

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In: Cargo Volumes, Monthly Cargo Volumes, Terminal News

Seven months into the COVID-19 global pandemic, with closures and restrictions all around us, the Port of New York and New Jersey remains open and fully operational. Container volumes have rebounded sharply, consistent with the elimination of most “blank sailings.” In August, the Port returned to 2019 levels, setting a new all-time monthly container record, including a new record for intermodal rail volume. At almost 65,000 lifts, the port-wide intermodal ExpressRail system handled 7.8 percent more volume than August 2019, with overall rail volume up 1.4 percent year-to-date through August 2020.     Following the Golden Week celebration (October 1-8), just two blank sailings remain on Transpacific services calling on the Port of New York and New Jersey. Currently, projections indicate that container volume will remain strong for the rest of the year. Maintaining cargo supply chain fluidity remains a primary objective for the Port Authority of New York and NewRead More →

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In: Cargo Volumes, Industry News/Advisory, Monthly Cargo Volumes

In August, cargo moved through the Port of New York and New Jersey at record levels, setting an all-time monthly high for TEU volume. Total volume for August reached 688,365 TEUs (383,397 lifts), a 1.3 percent increase over August 2019, which posted 679,585 TEUs (385,288 lifts). This increase brings our year through August total to 4,661,453 TEUs (2,632,583 lifts). Imports rose by 7.1 percent in August, totaling 368,868 TEUs (205,002 lifts) compared to 344,473 TEUs (193,932 lifts) in August 2019. From January through August 2020, imports at the Port of New York and New Jersey reached 2,416,690 TEUs (1,357,173 lifts) versus 2,536,972 TEUs (1,435,348 lifts)Read More →

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In: Cargo Volumes

Container vessels calling the Port of New York and New Jersey are getting larger and we are serving more of these larger vessels each year.  Just this past weekend we welcomed the CMA CGM Brazil, a 15,072 TEU vessel and the largest to ever call the US East Coast.  One third of the total container volume in the Port through July was shipped on a vessel with a capacity of 10,000 TEU or more. Just three years ago when the Bayonne Bridge Navigational Clearance Project was completed, less than seven percent of all container volume in the Port was transported on a 10,000 TEU or largerRead More →

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In: Industry News/Advisory, Terminal News