The Port of New York and New Jersey (NY-NJ) handled a record number of containers in July, 2015 – seeing an increase in volumes of more than 14% to over 580,000 TEU, according to the Wall Street Journal.
The Port of NY-NJ is currently the third largest in the US and is situated to serve more than 20 million immediate customers and 100 million within a day’s reach.
US East Coast ports saw a massive shift in cargo volumes as a result of the US West Coast (USWC) labour dispute that rocked volumes at the beginning of 2015.
According to US import/export data specialist Zepol, total imports around mid-July had spiked by around 15%, while imports dropped by 4% along the USWC.
Jonathan Starks, an analyst with FTR Transportation Intelligence, believes that the dollar is strong in the US, with FTR predicting that US imports will grow by around 5.5% in 2015 alone.
He said: “You’ve got a strong dollar, which will help the import side, and the Chinese government trying to improve their import numbers and devaluing the Yuan specifically to do that.
“We think that on the whole, import numbers are going to be pretty robust this year.”
Imports headed for the USWC are expected to stabilise in the coming months, after Long Beach saw a marked increase in volumes in early August, 2015.