The Lunar New Year, which began this year on February 12, marks a weeks-long holiday that brings together millions from across Asia. While workers take leave to reunite with their families to celebrate the new year, global commerce braces for a disruption of the supply chain worldwide, from ports to shippers and other business stakeholders. This holiday is significant because many U.S. businesses are directly linked to Asian factory production, with most coming from China. During the holiday, production in Asian factories slows and ocean-going cargo volumes drop. The coronavirus pandemic further amplified the effect on production and cargo last year. At the start ofRead More →

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The tumultuous changes in cargo volume from the COVID-19 pandemic ended with a flourish as the Port of New York and New Jersey recovered their first-half losses to end 2020 with a new container record of 7,585,819 20-foot equivalent units (TEUs), an increase of 1.5 percent from 2019. The pandemic led to vessel-call cancellations, sharp declines in factory production, and restrictions on nonessential business worldwide during the spring and summer of 2020. These actions spurred double-digit declines in imports at the port, resulting in losses of as much as 21.9 percent compared to the same period of 2019. Through the pandemic, however, the Port ofRead More →

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In: 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

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 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