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

Volumes at the Port of New York and New Jersey rose across the board in July compared to the previous month. The effects of COVID-19 impacted June’s total volume numbers, but July’s total volume increased to 607,463 TEUs (342,124 lifts) compared to 511,306 TEUs (290,454 lifts) in June. July’s total volume numbers show an 8.4 percent decrease compared to July 2019, which had 662,994 TEUs (376,135 lifts). July’s numbers bring our year to date total to 3,973,088 TEUs (2,249,186 lifts). Imports for July totaled 328,864 TEUs (184,667 lifts) versus 338,728 TEUs (191,691 lifts) in July 2019, a 2.9 percent decrease. For January through July 2020,Read More →

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In: Cargo Volumes, Monthly Cargo Volumes, Terminal News

The Port of New York and New Jersey continues to serve as an integral part of the economic performance of the region, according to the 2020 New York Shipping Association Economic Impact Study. The port industry grew substantially, supporting over 500,000 jobs and $147 billion in economic activity, including federal and state tax revenue, business and personal income. Inclusive of this report is the Port’s 2019 record-breaking performance with: More than 7.4 million 20-foot equivalent containers (TEUs) Close to 578,000 vehicles Over 49.8 million tons of bulk cargo Nearly 140,000 tons of breakbulk cargo 304 cruise vessels In general, maritime operations through the Port haveRead More →

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In: Cargo Volumes, Econ Insight, Workforce Development

The worldwide pandemic impacted June’s total volume numbers at the Port of New York and New Jersey. In June, the Port had 511,306 TEUs (290,454 lifts) compared to 611,027 TEUs (347,294 lifts) in June 2019, a 16.3 percent decrease in total volume. This number brings our year through June total to 3,365,625 TEUs (1,907,062 lifts), a 7.9 percent decrease from the previous year. Imports for June totaled 266,836 TEUs (151,581 lifts) versus 303,309 TEUs (172,502 lifts) in June 2019, a 12 percent decrease. From January through June 2020, imports at the Port of New York and New Jersey reached 1,718,958 TEUs (970,226 lifts), a 7.3Read More →

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

The completion of CSX Transportation’s DeWitt Rail Yard modernization project offers the potential for the Port of New York and New Jersey to further its goal of moving more freight through its $600 million ExpressRail on-dock rail system. The Port of New York and New Jersey has seen a significant increase in the share of rail cargo to 17 percent of overall volumes as a result of the ExpressRail network expansion, including four operational facilities. The DeWitt modernization project is designed to lower shipping costs and make the region’s commodities more competitive. The enhanced rail yard in Syracuse, operated by CSX Transportation, will provide weekdayRead More →

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