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Port of New York and New Jersey sees ninth month of cargo growth

Statue of Liberty at dawn overlooking shipping docks and crane business.
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The Port of New York and New Jersey and New Jersey’s seaport cargo volumes increased for the ninth month in a row to reach 18% above pre-COVID-19 pandemic levels in April 2021.

In a statement, the Port said it still projects a $3 billion loss for the 24-month period covering March 2020 and March 2022 due to the effects of the pandemic.

In total, it handled 712,799 TEU in April 2021. While Port Authority facilities are seeing upward volume trends as broad pandemic-related restrictions are lifted across the country, the agency still anticipates a negative impact on its revenues from the totality of closures and restrictions on movement throughout 2020.

Across its other areas, the Port’s volumes were mixed. Passenger volumes at Port Authority airports for the week of May 17, 2021, to May 21, 2021, were down by 52% compared to the pre-COVID May 2019 weekday average.

Overall weekday vehicular traffic at the Port Authority’s four bridges and two tunnels for the week of May 17, 2021, to May 21, 2021, was down 5% compared to pre-COVID, May 2019 weekday vehicular traffic, marking the first time that overall traffic volume has exceeded 95 percent of pre-COVID volume.

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