Port of NY/NJ
The Port Authority reports 551,117 TEUs were handled during April, the fourth consecutive monthly high.
Cargo volumes at the Port of New York and New Jersey, the busiest cargo gateway on the U.S. East Coast and third largest in the country, continued to rise in April despite a slight decline in imports.
The port handled 551,117 TEUs of containerized cargo during the month, a 0.8 percent year-over-year increase and the fourth consecutive monthly high, according to the most recent data from the Port Authority of New York and New Jersey (PANYNJ).
The port handled 551,117 TEUs of containerized cargo during the month, a 0.8 percent year-over-year increase and the fourth consecutive monthly high, according to the most recent data from the Port Authority of New York and New Jersey (PANYNJ).
Throughput of loaded imports, however, slid 2.1 percent to 272,903 TEUs for the month, while laden export volumes surged 12.9 percent to 134,843 TEUs. Exports of empty containers likewise fell 2.4 percent to 142,664 TEUs compared with April 2017, and import empties plummeted 71.6 percent to just 707 TEUs.
PANYNJ attributed the decline in imports primarily to the Lunar New Year holiday, during which many factories in Asia shut down, falling slightly later in the year than usual, but also noted that April represented the third month in a row in which the year-over-year growth rate for export loads was in double-digit territory.
ExpressRail, the port authority’s ship-to-rail system serving New York and New Jersey marine terminals, also set a new monthly volume record in April with 51,777 container lifts, 10.1 percent more than in the same month a year ago.
In addition to containerized cargo, vehicle volumes at the port were relatively steady, rising 0.3 percent year-over-year to 46,214 units.
Through the first four months of 2018, the Port of New York and New Jersey has seen its container throughput rise 7.3 percent year-over-year to 2.23 million TEUs, keeping it on pace to surpass the record 6.71 million TEUs it handled for all of 2017.
On a quarterly basis, import loads at the port are up 8.8 percent to 1.15 million TEUs and loaded exports are up 10.1 percent to 496,543 TEUs. Empty container exports also have grown 2.7 percent to 584,932 TEUs, while empty imports have dropped 29.2 percent to 4,997 TEUs.
Year-to-date rail volumes are up 15.7 percent to 202,573 lifts, and auto volumes are up 3.1 percent to 188,381 units compared with the same 2017 period.
