
Total Volume Levels Off in August at the Port of NY and NJ
After a busy July that saw the Port of New York and New Jersey record its largest total cargo volume since October 2022, August brought a normalizing of activity to pre-pandemic levels at the port. The port moved 662,740 TEUs (366,339 containers) in August versus 843,191 TEUs (466,640 containers) in August 2022, a 21.4 percent decrease, which brings its total volumes handled through August to 5,128,563 TEUs (2,847,453 containers). These declines are largely due to U.S. retailers continuing to draw from their overstock of inventory that was delivered during the record cargo surge over the past two years. Imports decreased by 18.6 percent in AugustRead More →