May Cargo Volumes Result In A Decline

May Cargo Volumes Result In A Decline

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, a 6.3 percent decrease.

Exports forMay totaled 270,404 TEUs (152,278 lifts) versus 301,763 TEUs (171,854 lifts) in May of 2019, a 10.4 percent decrease in TEU volume. For the period of January through May 2020,exports at the Port of New York and New Jersey reached 1,402,197 TEUs (792,627 lifts) compared to 1,491,352 TEUs (848,916 lifts) in the same period of 2019, a 6.0 percent decrease.

Rail volume decreased 9.4 percent from the previous year’s May figure, totaling 50,499 containers for May 2020, but rail volume for the period of January through May 2020 remained positive, posting a 2.9 percent increase over the same period of 2019.

Autos moved through the Port of New York and New Jersey totaled 21,892 in May, a decrease of 51.3 percent compared to May 2019. Auto volume for January through May 2020 was 29.5 percent less than in the same period of 2019.