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

Cargo volume at the Port of New York and New Jersey declined in May, a result linked to the global pandemic. Total volume for May 2020 was 537,412 TEUs (304,132 lifts) versus 643,706 TEUs (366,366 lifts) in May 2019, a 16.5 percent decrease. The loss brings our year through May total to 2,854,319 TEUs (1,616,608 lifts). Imports for May totaled 267,008 TEUs (152,380 lifts) versus 341,943 TEUs (194,298 lifts) in May 2019, a 21.9 percent decrease. For the period of January through May 2020, imports at the Port of New York and New Jersey reached 1,452,122 TEUs (820,006 lifts) compared to 1,550,462 TEUs (879,671 lifts) in the same period of 2019,Read More →

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

For the month of April, the Port of New York and New Jersey’s rail business continues to demonstrate growth as the total rail volume, January through April, is 6.0 percent greater than in the same period in 2019. From a month to month comparison however, rail volume decreased 0.8 percent from 56,911 last  April, to 56,479 containers for April 2020.  Total volume for April was 559,929 TEUs (318,389 lifts) versus 605,263 TEUs (344,862 lifts) in April 2019, a 7.5 percent decrease. This brings our year through April total to 2,316,907 TEUs (1,312,476 lifts). Imports for the month of April totaled 285,363 TEUs (163,038 lifts) versusRead More →

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