On June 8th the Port of New York and New Jersey recognized the one-year anniversary of the raising of the Bayonne Bridge. The bridge now yields a navigational clearance of 215 feet resulting in the passage of larger ships, record cargo volume and economic growth for the Port. A year after completion, 107 vessels in excess of 9,500 TEUs (20-foot-long cargo containers, the shipping industry’s standardized measurement) have called on port terminals in Newark, Elizabeth and Bayonne, N.J. and in Staten Island. The bridge raising now provides the ability for ships that can carry up to 18,000 20-foot-long cargo containers to navigate under it. Currently,Read More →

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In: Cargo Volumes, Port Master Plan, Terminal News

The Port of New York New Jersey hit another monthly record in April 2018. Total volume for the month of April was 551,117 TEUs. Although import loads were down by 2.1% in April 2018 vs. April 2017, most likely due to a late Chinese New Year, export loads increased 12.9% in April 2018 vs. April 2017. This is the third month in a row that export loads have increased by double digits when compared against 2017. Export empties totaled 142,664 TEUs in April 2018 versus 146,242 TEUs in April 2017 (-2.4%). Our rail volume also hit another monthly record with 51,777 containers in April. ThisRead More →

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In: Cargo Volumes, Industry News/Advisory

Continuing the streak of strong growth, the Port of New York and New Jersey had its best March in its history. Total volume for March 2018 was 572,576 TEUs. The Port experienced a 12.7 percent growth from March 2017 volume of 508,270 TEUs. The Port saw significant growth in both imported and exported TEU loads. The growth is broken down to: March 2018 imported TEU loads increased 15.5 percent when compared to March 2017, exported TEU loads increased 14.8 percent. 2018 first quarter total volume of 1,680,361 TEUs (inclusive of loads and empties) is 9.6 percent greater than the 2017 first quarter figure of 1,533,004Read More →

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In: Cargo Volumes, Industry News/Advisory

Dear friend of the Port of NY & NJ,   Let me recap the good news for anyone who missed our State of the Port event on Monday, February 5, 2018. In 2017, the Port of NY & NJ: Raised the Roadbed of the Bayonne Bridge and welcomed the CMA CGM T. Roosevelt, a 14,414 TEU container ship and the largest vessel ever to call our berths. Advanced a Port Master Plan that guides and supports the growth of our port over the next three decades. Broke our annual cargo volume record by 5.3% while also beating 2016 numbers for rail lifts and imported autos by 14.3% and 16% respectively. Cut the port’s impact onRead More →

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In: Capital Investments, Cargo Volumes, Industry News/Advisory, Port Master Plan, Trade Stats, Workforce Development

On Monday, February 05, 2018, the Port of New York and New Jersey announced that cargo volumes for 2017 had shattered the existing annual cargo volume record set in 2015 by 5.3 percent. Specifically, during 2017, the port handled 6,710,817 TEUs compared to 6,371,720 TEUs handled in 2015. The record volumes were attributed partially to completion of the Bayonne Bridge Navigational Clearance Project in June 2017. But by any measure, the new record allowed the port to cement its position as the third largest port in the United States with a 15.4 percent market share of the nation’s cargo, and the busiest port on theRead More →

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In: Cargo Volumes, Industry News/Advisory