You’d be forgiven if you thought the last few years in the shipping world felt more like a white-knuckle roller coaster ride than a smooth voyage at sea. But as over 200 regional supply chain leaders came together at the Jersey City waterfront for the 2024 State of the Port of New York and New Jersey, the message was clear: The seaport has emerged stronger after these few years of the unexpected. “It is clear that the state of the Port of New York and New Jersey is strong,” said Port Authority Executive Director Rick Cotton with myriad of harbor activity as his backdrop. “WhatRead More →

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In: Capital Investments, Cargo Volumes, Environmental Initiatives, Events, Industry News/Advisory, Monthly Cargo Volumes

In November 2023, the Port of New York and New Jersey moved 644,439 TEUs (355,788 containers). This number represents a 10.9 percent decrease over last year’s November figure of 723,069 TEUs (400,202 containers) and brings the port’s year-through November total to 7,176,126 TEUs (3,976,774 containers).  Imports also fell slightly (7.2 percent) in November compared to the previous year, totaling 324,559 TEUs (179,757 containers) versus 349,658 TEUs (194,678 containers). From January through November, imports at the Port of New York and New Jersey reached 3,663,904 TEUs (2,032,469 containers) versus 4,500,840 TEUs (2,493,621 containers) in the same period of 2022, an 18.6 percent decrease.  Exports increased byRead More →

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In: Cargo Volumes

In October, the Port of New York and New Jersey recorded its highest total monthly volume of 2023, moving 742,571 TEUs (409,680 containers). The seaport was the nation’s second busiest through the month as retailers pushed to receive the remainder of products destined for store shelves in time for the holiday shopping season. The total monthly volume represents a 6.3 percent decrease compared to the 792,548 TEUs (438,007 containers) recorded in October 2022. The January through October total volume is 6,531,687 TEUs (3,620,986 containers).  Imports in October were down slightly (0.2 percent) compared to the previous year, totaling 381,756 TEUs (210,684 containers) and 382,453 TEUsRead More →

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In: Cargo Volumes, Monthly Cargo Volumes

On Nov. 20, Bethann Rooney, port director at the Port Authority of New York and New Jersey, signed a Memorandum of Understanding (MOU) with Hai Phong, Vietnam, solidifying a close collaboration aimed at growing trade between the two ports. The visit, led by Mr. Le Tien Chau, Secretary of the Hai Phong Party’s Committee represents an opportunity to promote cooperation between the Port of New York and New Jersey and partners in Hai Phong to support bilateral trade and investment between the United States and Vietnam. Hai Phong is the largest port city in Northern Vietnam and one of the most important industrial hubs of theRead More →

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In: Events, Industry News/Advisory

Discounts could be even more plentiful than usual this holiday season for regional shoppers as retailers look to draw down their massive inventory, the result of a frenetic few years at the New York-New Jersey gateway and other ports around the nation. Santa is putting his elves to work earlier than ever this year. While the so-called “Christmas creep” phenomenon is an annual topic of debate, this year shoppers may find ample opportunity for ahead-of-schedule holiday shopping with discounts galore. Retailers are predicting an even earlier-than-usual start to the holiday shopping season, at least partially thanks to the unusual shipping trends of the past fewRead More →

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In: Industry News/Advisory