Cargo volume at the Port of New York and New Jersey continued to rise for the 4th month in a row, with total volume for November 2020 at 738,885 TEUs (408,482 containers), up 23.2 percent compared to the same month in 2019 when the seaport handled 599,626 TEUs (338,857 containers). With the latest data available for November, the seaport moved a total of 6,876,744 TEUs (3,860,612 containers) so far in 2020. Imports rose by 27.7 percent in November totaling 386,219 TEUs (214,397 containers), which was up from 302,460 TEUs (171,273 containers) in November 2019. From January through November 2020, imports at the Port of NewRead More →

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In: Cargo Volumes, 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

Total volume at the Port of New York and New Jersey rose by 13.4 percent in October, posting 755,437 TEUs (419,744 containers) versus 666,381 TEUs (374,805 containers) in October 2019. This increase brings our year through October total to 6,137,859 TEUs (3,452,130 containers). October imports totaled 405,415 TEUs (224,835 containers) compared to 340,952 TEUs (191,655 containers) in October 2019, an 18.9 percent increase. From January through October 2020, imports at the Port of New York and New Jersey reached 3,198,861 TEUs (1,788,425 containers) versus 3,195,511 TEUs (1,804,364 containers) in the same period of 2019, a 0.1 percent increase. Exports in October at the Port totaledRead More →

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In: Cargo Volumes, Monthly Cargo Volumes

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

Continuing its recovery to 2019 volume levels, the Port of New York and New Jersey surpassed its all-time September record as factories and manufacturers around the world ramped up activity in preparation for the holiday season and growing concerns of future supply chain disruptions. The Port reported total volume of 720,969 TEUs (399,803 containers) for September 2020, which was a 15.4 percent increase from the September 2019 totals of 624,961 TEUs (352,098 containers) i. This new record brings the Port’s volume through September to 5,382,422 TEUs (3,032,386 containers).  The seaport’s recovery was the lone bright spot in the overall financial performance of The Port Authority of New York and New Jersey, which reported last month continuing declines in revenue primarily due to low passenger volumes at the agency’s major airports, low ridership onRead More →

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In: Cargo Volumes, Monthly Cargo Volumes, Terminal News