The Port of New York and New Jersey is celebrating a record-setting 2019, port officials said today.
The port processed 7.47 million twenty-foot equivalent units (TEUs) last year, a 4.1% increase compared with 2018, when the port surpassed the 7 million TEU-mark for the first time. Imports reached 3.8 million TEUs in 2019, up 2.6% compared to 2018, and exports reached 3.7 million TEUs, up 5.6% compared to the year-earlier period.
December results were weaker. Total volume fell 4% to 584,743 TEUs while imports fell nearly 9% to 290,508 TEUs. December exports were up 1.1% to 294,235 TEUs.
Rail volume finished the year on a high note, posting a 3% increase compared to 2018, officials said. December rail volume rose by 4.9% over the year-earlier period.