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

Cargo tallies continued their growth trend at the Port of New York and New Jersey in November. Year-to-date over 2016, November 2017 showed a 7.7 overall growth for the port in terms of TEUs handled (6,166,851 over 5,723,821). This growth broke down to: a 6.3 percent increase in import TEU loads (3,122,103 over 2,937,980); a 4 percent increase in export TEUs loads (1,294,229 over 1,244,555); and a 5.6 percent increase in total TEU loads (4,416,332 over 4,182,535). Year-to-date over 2016, November 2017 also showed a 4 percent increase in the total number of rail lifts, logging 518,959 over November 2016’s 498,021. By month-to-month comparison againstRead More →

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In: Cargo Volumes, Industry News/Advisory

   Today, two prominent chassis providers in the Port of New York and New Jersey —  TRAC Intermodal and DirectChassisLink, Inc. (DCLI) — have collocated their operations on Bay Avenue in Port Elizabeth to provide greater efficiency in chassis supply and maintenance.  “This development is another step in the Port of New York and New Jersey’s commitment to provide smooth and efficient port operations,” said Beth Rooney, assistant director of the Port Department at The Port Authority of New York and New Jersey. “Now that larger, next-generation container vessels have begun to call our port, we need to make sure we have sufficient equipment on hand toRead More →

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In: Cargo Volumes, Industry News/Advisory, New Programs

August 2017 became the best month for cargo volumes in the long and busy history of the Port of New York and New Jersey. The monthly total of 361,565 lifts (631,404 TEUs) crushed the previous monthly high of 339, 601 lifts (588,918 TEUs) logged in July 2015. August 2017 also fared 7.8% better than the previous  year’s volumes (August 2016). At close of August 2017, the port beat 2016 overall lifts by 6.2%. Also worth noting: at 51,115 lifts, August 2017 rail volumes were 3.0% better than August 2016, qualifying August 2017 as the best rail month in Port history. Year-to-date rail volumes are 2.7%Read More →

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In: Cargo Volumes, Industry News/Advisory

On Friday, July 21st, CMA-CGM of Marseille, France added the CMA-CGM Pelleas to the Ocean Alliance’s Loop 3 service calling at APM Terminals at the Elizabeth-Port Authority Marine Terminal in the Port of New York and New Jersey. The 9,900 teu ship is the largest vessel currently operated by CMA-CGM into the port. The Ocean Alliance service is one of six major east west services which comprises the vessel sharing agreement (VSA), operated by the four members of the Ocean Alliance effective April 1, 2017. The three additional members are: COSCO Shipping, Evergreen, and OOCL. The rotation includes major ports in China and southeast Asia, andRead More →

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In: Cargo Volumes, Industry News/Advisory