In the final executive broadcast of 2020, Port Director Sam Ruda provides updates and reviews the challenging year at the Port of New York and New Jersey. The video covers topics ranging from COVID-19 adjustments to performative metrics in Q3 and Q4. Ruda details the measures taken to overcome the pandemic’s challenges and discusses the year-end rebound of container volumes, rail, and auto sectors.  To stay connected and hear the latest updates from the Port of New York and New Jersey, visit www.portnynj.com. Read More →

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In: Cargo Volumes, Industry News/Advisory

Total volume at the Port of New York and New Jersey rose by 13.4 percent in October, posting 755,437 TEUs (419,744 containers) versus 666,381 TEUs (374,805 containers) in October 2019. This increase brings our year through October total to 6,137,859 TEUs (3,452,130 containers). October imports totaled 405,415 TEUs (224,835 containers) compared to 340,952 TEUs (191,655 containers) in October 2019, an 18.9 percent increase. From January through October 2020, imports at the Port of New York and New Jersey reached 3,198,861 TEUs (1,788,425 containers) versus 3,195,511 TEUs (1,804,364 containers) in the same period of 2019, a 0.1 percent increase. Exports in October at the Port totaledRead More →

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In: Cargo Volumes, Monthly Cargo Volumes

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