The Lunar New Year’s Impact on the Global Supply Chain

The Lunar New Year’s Impact on the Global Supply Chain

February 18, 2021 –PortBreakingWaves.com

The Lunar New Year, which began this year on February 12, marks a weeks-long holiday that brings together millions from across Asia. While workers take leave to reunite with their families to celebrate the new year, global commerce braces for a disruption of the supply chain worldwide, from ports to shippers and other business stakeholders.This holiday is significant because many U.S. businesses are directly linked to Asian factory production, with most coming from China. During the holiday, production in Asian factories slows and ocean-going cargo volumes drop. The coronavirus pandemic further amplified the effect on production and cargo last year. At the start of 2020, factories in China and throughout Asia closed for the Lunar New Year but the emerging pandemic then forced millions to stay home, nearly bringing production to a standstill.

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Port of New York and New Jersey Ends 2020 with Record-Highs in Volume

Port of New York and New Jersey Ends 2020 with Record-Highs in Volume

February 16,2021 — PortBreakingWaves.com

The tumultuous changes in cargo volume from the COVID-19 pandemic ended with a flourish as the Port of New York and New Jersey recovered their first-half losses to end 2020 with a new container record of 7,585,819 20-foot equivalent units (TEUs), an increase of 1.5 percent from 2019. The pandemic led to vessel-call cancellations, sharp declines in factory production, and restrictions on nonessential business worldwide during the spring and summer of 2020. These actions spurred double-digit declines in imports at the port, resulting in losses of as much as 21.9 percent compared to the same period of 2019.

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December Closes the Year with Strong Cargo Volume

December Closes the Year with Strong Cargo Volume

February 8, 2021– PortBreakingWaves.com

Despite a challenging spring and summer and the most unusual of years, the Port of New York and New Jersey finished 2020 strong with double-digit cargo volume percentage growth in December.Total volume for December 2020 was 709,075 TEUs (394,889 lifts) versus 584,743 TEUs (330,856 lifts) in December 2019, a 21.3 percent increase. This brings our full-year 2020 volume to 7,585,819 TEUs (4,255,501 lifts), a 1.5 percent increase over 2019 TEU volume of 7,471,131 (4,238,107 lifts).

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Total Cargo and Rail Volumes Rise by Double Digits in November

Total Cargo and Rail Volumes Rise by Double Digits in November

January 11,2020 –BreakingWaves.com

Cargo volume at the Port of New York and New Jersey continued to rise for the 4th month in a row, with total volume for November 2020 at 738,885 TEUs (408,482 containers), up 23.2 percent compared to the same month in 2019 when the seaport handled 599,626 TEUs (338,857 containers). With the latest data available for November, the seaport moved a total of 6,876,744 TEUs (3,860,612 containers) so far in 2020. Imports rose by 27.7 percent in November totaling 386,219 TEUs (214,397 containers), which was up from 302,460 TEUs (171,273 containers) in November 2019.

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Port Director Delivers Final Executive Broadcast of 2020

Port Director Delivers Final Executive Broadcast of 2020

December 23, 2020 –PortBreakingWaves.com

The final executive broadcast of 2020, Port Director Sam Ruda provides updates and reviews the challenging year at the Port of New York and New Jersey. The video covers topics ranging from COVID-19 adjustments to performative metrics in Q3 and Q4. Ruda details the measures taken to overcome the pandemic’s challenges and discusses the year-end rebound of container volumes, rail, and auto sectors.

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Total Volume Rises Again in October at the Port of NY and NJ

Total Volume Rises Again in October at the Port of NY and NJ

December 9, 2020 — Portbreakingwaves.com

Total volume at the Port of New York and New Jersey rose by 13.4 percent in October, posting 755,437 TEUs (419,744 containers) versus 666,381 TEUs (374,805 containers) in October 2019. This increase brings our year through October total to 6,137,859 TEUs (3,452,130 containers). October imports totaled 405,415 TEUs (224,835 containers) compared to 340,952 TEUs (191,655 containers) in October 2019, an 18.9 percent increase. From January through October 2020, imports at the Port of New York and New Jersey reached 3,198,861 TEUs (1,788,425 containers) versus 3,195,511 TEUs (1,804,364 containers) in the same period of 2019, a 0.1 percent increase.

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Measures Taken at the Port to Handle Increasing Container Volume

Measures Taken at the Port to Handle Increasing Container Volume

November 09, 2020 — PortBreakingWaves.com

The Port of New York and New Jersey handled record-breaking container volume in August and September, and that trend is expected to continue for October and the rest of the year. Surging freight volumes are attributed to several effects of the COVID-19 pandemic, including retailers replenishing depleted stocks, a transition to the “stay at home” economy, and inventory management strategies that incorporate more “just-in-case” stock levels. A busy, robust port offers a glimmer of hope during these difficult times, leading to increased economic activity and the creation of more jobs. As we look forward, and with an eye on maintaining the integrity of the supply, our port partners and stakeholders continue to work diligently to manage the strong volume levels, taking extra measures to keep the supply chain fluid.

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September Sets New Record for Total Volume at the Port of NY and NJ

September Sets New Record for Total Volume at the Port of NY and NJ

November 5, 2020 — PortBreakingWaves.com

Continuing its recovery to 2019 volume levels, the Port of New York and New Jersey surpassed its all-time September record as factories and manufacturers around the world ramped up activity in preparation for the holiday season and growing concerns of future supply chain disruptions. The Port reported total volume of 720,969 TEUs (399,803 containers) for September 2020, which was a 15.4 percent increase from the September 2019 totals of 624,961 TEUs (352,098 containers) i. This new record brings the Port’s volume through September to 5,382,422 TEUs (3,032,386 containers).

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PANYNJ doubles electric shuttle bus fleet at airport, becoming largest all-electric fleet on East Coast

PANYNJ Doubles Electric Shuttle Bus Fleet at Airport, Becoming Largest All-
Electric Fleet on East Coast

October 16,2020 — Masstransitmag.com

The Port Authority of New York and New Jersey (PANYNJ) has announced that the largest airport electric bus fleet on the east coast, comprising of 36 buses and 19 chargers, is now fully operational three months ahead of schedule at Newark Liberty, John F. Kennedy International and LaGuardia airports.In 2018, the PANYNJ became the first public transportation agency to embrace the Paris Climate Accords and pledged to take aggressive steps to reduce greenhouse gas emissions. The PANYNJ pledged then to convert its airport shuttle buses to all-electric buses by the end of 2020.

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Container Volume Projected to Remain Strong Through the Remainder of 2020

Container Volume Projected to Remain Strong Through the Remainder of 2020

October 15,2020 — BreakingWaves.com

Seven months into the COVID-19 global pandemic, with closures and restrictions all around us, the Port of New York and New Jersey remains open and fully operational. Container volumes have rebounded sharply, consistent with the elimination of most “blank sailings.” In August, the Port returned to 2019 levels, setting a new all-time monthly container record, including a new record for intermodal rail volume. At almost 65,000 lifts, the port-wide intermodal ExpressRail system handled 7.8 percent more volume than August 2019, with overall rail volume up 1.4 percent year-to-date through August 2020.

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