New York/New Jersey Port

While tariffs remain front and center, seasonal patterns may return in 2020,

The theme of “back to normal” season patterns for United States-bound consumer goods may be ready to take hold in early 2020, following an even 2019 that was riddled with atypical trends and volumes related to the U.S.-China trade war and related tension. That was the word from the most recent edition of the Port Tracker Report, which was issued today by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.

The ports surveyed in the report include: Los Angeles/Long Beach, Oakland, Tacoma, Seattle, Houston, New York/New Jersey, Hampton Roads, Charleston, and Savannah, Miami, Jacksonville, and Fort Lauderdale, Fla.-based Port Everglades.

Authors of the report explained that cargo import numbers do not correlate directly with retail sales or employment because they count only the number of cargo containers brought into the country, not the value of the merchandise inside them, adding that the amount of merchandise imported provides a rough barometer of retailers’ expectations.

This report comes in advance of the White House poised to sign the long-awaited Phase One trade deal with China on January 15 after saying it would lower tariffs that went into effect in September and cancelled another round that was originally slated to go into effect on December 15, while other tariffs remain in place.

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The Port of New York and New Jersey

The Port of New York and New Jersey Posts Record Volume for Container and Rail in November 2019

The Port of New York and New Jersey hit record volumes in both rail cargo and overall container throughput for November. Total volume for November 2019 reached 599,626 TEUs (338,857 lifts), a 2.7 percent increase over the 583,880 TEUs (331,242 lifts) posted the previous year. The increase brings the yearly total to 6,886,388 TEUs.

Imports (TEUs) totaled 302,460 TEUs (171,273 lifts) in November, a 0.5 percent decrease over the 303,881 TEUs (172,839 lifts) posted in November 2018. From January through November 2019, imports at the Port of New York and New Jersey reached 3,497,971 TEUs (1,985,948 lifts) versus 3,374,482 TEUs (1,927,563 lifts) recorded during the same period of 2018, a 3.7 percent increase.

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Best October on Record for the Port of New York and New Jersey

The Port of New York and New Jersey set a new record in October 2019, handling 666,381 TEUs (20-foot equivalent units), a 1.2 percent increase over the previous October record of 658,708 TEUs set in 2018. The October 2019 numbers also represent the third largest cargo volume handled in any month in the history of the port. The Port Authority’s Express Rail system also set an October record, handling 57,722 containers, an increase of about 1 percent over the 57,197 containers handled during the previous October record month in 2018.

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