The Port Authority of New York and New Jersey (PANYNJ) has announced a double-digit increase for August containers compared to pre-pandemic levels.
The achievement marks 25 straight months of monthly cargo growth.
The seaport is ranked as busiest in the nation for the month as key hubs such as the Ports of Los Angeles and Long Beach have registered a cargo loss over the latest summer month.
READ: Historic May for cargo at the Port of New York and New Jersey
The Port of New York and New Jersey moved a total of 843,191 TEU in August, marking the busiest August in the seaport’s history.
August 2022 cargo volume increased by 24.1 per cent compared to pre-pandemic levels reported in August 2019.
Cargo volume also increased by 8.6 per cent compared to July 2022, when the seaport handled 776,167 TEU.
In an effort to reduce congestion at its terminals, PANYNJ recently implemented a new quarterly container imbalance fee for ocean carriers.
READ: New York, Savannah bearing brunt of US East Coast congestion
The fee aims to reduce the number of excess empty containers dwelling at the port and free up much-needed capacity for containers that are full of imports and ready to be picked up by cargo owners.
