Thanks to the call of the largest container ship: CMA CGM Brazil with a capacity of 15,072 and twenty-foot equivalent units (TEUs), the port of NY/NJ achieved a monthly container record in August. The movements were in total 688,365 TEUs, a 1.3% year-over-year increase. Year-to-date volume through Aug. 31 totaled 4,661,453 TEUs.
According to freightwaves, “the August performance came on the heels of what the Port Authority of New York and New Jersey called the single worst quarter on record. Between March, when the full force of the COVID-19 pandemic hit the New York area, and the end of June, the port authority’s revenue miss totaled $800 million — about $200 million per month below budget.
The Port of New York and New Jersey expects container volumes that have rebounded sharply from the height of the coronavirus pandemic to remain strong through the rest of the calendar year.
In August, imports increased 7.1% year-over-year and totaled 368,868 TEUs. Still, imports were down 4.7% year-over-year through the end of August, from 2,536,072 TEUs in 2019 to 2,416,690 TEUs through the first eight months of this year. Currently, the port welcomes the influx of containers and said in an announcement that maintaining cargo supply chain fluidity remains a primary objective.
“Port partners are taking proactive steps to add more resources and service hours to support this untraditional peak cargo volume season,” it said. “Daily communications with the port authority, freight railroads and marine terminal operators are ongoing to manage the strong cargo volumes and remain fluid at both the terminal gates and throughout the ExpressRail system. Actions already taken include increased weekend hours and the allocation of more labor to the ExpressRail terminals.”
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By: LFS Marketing
October 20, 2020