Activity at the Port of New York and New Jersey showed resilience in consumer demand and the global supply chain as cargo volume set a new all-time monthly record in March. Volume increased by 35 percent in March 2021 compared to March 2019, breaking the monthly record set in October of 2020. Compared to 2020, March volume rose by even greater gains. The Port moved 789,776 TEUs (437,479 lifts) in March 2021 versus 560,830 TEUs (318,521 lifts) in March 2020, an increase of 40.8 percent. These numbers bring our year through March total to 2,136,180 TEUs (1,185,514 lifts). Imports totaled 393,159 TEUs (218,189 lifts) inRead More →

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

Despite a challenging spring and summer and the most unusual of years, the Port of New York and New Jersey finished 2020 strong with double-digit cargo volume percentage growth in December.  Total volume for December 2020 was 709,075 TEUs (394,889 lifts) versus 584,743 TEUs (330,856 lifts) in December 2019, a 21.3 percent increase. This brings our full-year 2020 volume to 7,585,819 TEUs (4,255,501 lifts), a 1.5 percent increase over 2019 TEU volume of 7,471,131 (4,238,107 lifts).  Import loads (TEUs) were up 24 percent in December 2020 compared to December 2019, totaling 358,325 TEUs (199,628 lifts) versus 288,964 TEUs (163,238 lifts) the previous year. In 2020, import loads at theRead More →

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

In the final executive broadcast of 2020, Port Director Sam Ruda provides updates and reviews the challenging year at the Port of New York and New Jersey. The video covers topics ranging from COVID-19 adjustments to performative metrics in Q3 and Q4. Ruda details the measures taken to overcome the pandemic’s challenges and discusses the year-end rebound of container volumes, rail, and auto sectors.  To stay connected and hear the latest updates from the Port of New York and New Jersey, visit www.portnynj.com. Read More →

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In: Cargo Volumes, Industry News/Advisory

The Port of New York and New Jersey handled record-breaking container volume in August and September, and that trend is expected to continue for October and the rest of the year.  Surging freight volumes are attributed to several effects of the COVID-19 pandemic, including retailers replenishing depleted stocks, a transition to the “stay at home” economy, and inventory management strategies that incorporate more “just-in-case” stock levels.  A busy, robust port offers a glimmer of hope during these difficult times, leading to increased economic activity and the creation of more jobs. As we look forward, and with an eye on maintaining the integrity of the supply,Read More →

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

Seven months into the COVID-19 global pandemic, with closures and restrictions all around us, the Port of New York and New Jersey remains open and fully operational. Container volumes have rebounded sharply, consistent with the elimination of most “blank sailings.” In August, the Port returned to 2019 levels, setting a new all-time monthly container record, including a new record for intermodal rail volume. At almost 65,000 lifts, the port-wide intermodal ExpressRail system handled 7.8 percent more volume than August 2019, with overall rail volume up 1.4 percent year-to-date through August 2020.     Following the Golden Week celebration (October 1-8), just two blank sailings remain on Transpacific services calling on the Port of New York and New Jersey. Currently, projections indicate that container volume will remain strong for the rest of the year. Maintaining cargo supply chain fluidity remains a primary objective for the Port Authority of New York and NewRead More →

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