THE Port of New York and New Jersey reported that it was continuing its recovery to 2019 levels and had surpassed its all-time monthly volume record.
The port said it handled 720,969 TEU in September, a 15.4 per cent increase from the 624,961 TEU moved in the same month last year. From January 1 to September 30, the port handled 5.38 million TEU.
A statement from the port attributed September's volume record to US retailers stocking up for the holiday season as well as 'growing concerns of future supply chain disruptions.'
The port did not identify the source of those possible disruptions, but the resurgence of Covid-19 outbreaks again has forced business shutdowns, many in Europe, reports New York's FreightWaves.
The Port Authority of New York and New Jersey (PANYNJ) also operates the PATH rail service and area airports, including LaGuardia and John F Kennedy International, and said the 'seaport's recovery was the lone bright spot in the overall financial performance.'
PANYNJ in September suffered 'continuing declines in revenue primarily due to low passenger volumes at the agency's major airports, low ridership on its PATH rail service and a 10 per cent decrease in vehicular traffic at its crossings.'
The seaport's imports for the month of September totalled 376,756 TEU, an 18.6 per cent increase from 317,587 TEU in the same month last year. Total imports for the year through September 30 were still down 2.1 per cent from 2019 levels.
Exports were up 12 per cent in September year over year to 344,213 TEU from 307,374 TEU. Through the first nine months of the year, exports are down 6.4 per cent from last year.
The largest drive upward in September came in the auto sector. Autos moved through the port totalled 39,041 in September, an increase of 20.9 per cent over the same period last year.
September's record broke one set just a month earlier. The port earlier reported it had achieved a monthly container record in August, moving a total of 688,365 TEU, a 1.3 per cent year-over-year increase.
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 totalled US$800 million - about $200 million per month below budget.
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The port said it handled 720,969 TEU in September, a 15.4 per cent increase from the 624,961 TEU moved in the same month last year. From January 1 to September 30, the port handled 5.38 million TEU.
A statement from the port attributed September's volume record to US retailers stocking up for the holiday season as well as 'growing concerns of future supply chain disruptions.'
The port did not identify the source of those possible disruptions, but the resurgence of Covid-19 outbreaks again has forced business shutdowns, many in Europe, reports New York's FreightWaves.
The Port Authority of New York and New Jersey (PANYNJ) also operates the PATH rail service and area airports, including LaGuardia and John F Kennedy International, and said the 'seaport's recovery was the lone bright spot in the overall financial performance.'
PANYNJ in September suffered 'continuing declines in revenue primarily due to low passenger volumes at the agency's major airports, low ridership on its PATH rail service and a 10 per cent decrease in vehicular traffic at its crossings.'
The seaport's imports for the month of September totalled 376,756 TEU, an 18.6 per cent increase from 317,587 TEU in the same month last year. Total imports for the year through September 30 were still down 2.1 per cent from 2019 levels.
Exports were up 12 per cent in September year over year to 344,213 TEU from 307,374 TEU. Through the first nine months of the year, exports are down 6.4 per cent from last year.
The largest drive upward in September came in the auto sector. Autos moved through the port totalled 39,041 in September, an increase of 20.9 per cent over the same period last year.
September's record broke one set just a month earlier. The port earlier reported it had achieved a monthly container record in August, moving a total of 688,365 TEU, a 1.3 per cent year-over-year increase.
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 totalled US$800 million - about $200 million per month below budget.
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