Record Containers for PANYNJ in July
The Port of New York and New Jersey handled a record number of shipping containers in July.
The growth rate for containers at the port leveled out from rates seen in recent months.
The port saw total container traffic rise last month to 588,918 TEUs, an increase of 14.1 percent from last year and 4.7 percent higher than June, when volumes also set an all-time high.
July’s growth rate was slightly faster than the 13.5-percent rate the port saw in the first seven months of this year.
East coast ports saw a glut of containers as carriers diverted cargo from congested west coast ports that were suffering with labor disruptions. The growth rate in the east plateaued in July as traffic also increased in the west. Long Beach, Oakland, and Seattle all reported substantial increases in container volumes last month.
NYNJ saw a smaller increase in imports of loaded containers in July. At 11 percent, that was the slowest pace since April.
Still, analysts say, the strong port volumes on both coasts show that U.S. imports remain strong, despite signs of a slowdown in global trade.
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