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The Port of New York and New Jersey (PANYNJ) started 2021 with double-digit growth in cargo and the highest month on record for January volume.
The port handled 721,284 20-foot-equivalent units (TEUs), a 16.9% increase from January 2020 volume, Port Authority of New York and New Jersey officials said in a press release. Rail volume grew 12.2% in January to 68,880 containers.
U.S. consumer spending continued to drive demand for goods, leading to a higher volume for imports, authority officials said. In January, the port's imports climbed 15.1% year over year (YOY) to 371,392 TEUs. However, exports declined 8.2% YOY to 108,738 TEUs.
The volume of empty containers jumped more than 33%, reflecting the high demand to return them to global manufacturing centers for reuse, authority officials said.
PANYNJ — which is served by CSX and Norfolk Southern Railway — also handled 43,182 autos in January, up 13.3% YOY.
The busy January followed record-breaking volumes for the port in 2020, authority officials said.