East Coast Ports Feeling Pressure 📉

East Coast Ports Feeling Pressure 📉

It’s no shock that after the COVID-19 shock to the ports and freight networks across the United States, that East Coast ports would inevitably start to have declines in their ability to maintain massive growth like they saw during the pandemic boom cycle. Although trends are looking optimistic, as volumes are ahead of pre-pandemic.

In October, cargo volumes at the Port of New York and New Jersey experienced a 6% year-over-year decline, totaling 742,571 TEUs.

However, the port demonstrated a positive trend in cargo activity by recording a notable 12% increase compared to September 2023, where volumes amounted to 660,553 total TEUs.

In a broader perspective, when compared to pre-pandemic figures in October 2019, the port witnessed an 11% increase in volumes.

Anticipating further growth, the port operator is investing in a substantial $220 million infrastructure upgrade at the Newark complex. This upgrade aims to enhance operational safety for trucking activities, reflecting the port's commitment to future expansion.


Courtesy: Supply Chain Dive