Port of NY/NJ strives to keep cargo flowing

November 10, 2020

(American Shipper) Port of New York and New Jersey officials announced Monday they are “taking extra measures to keep the supply chain fluid.”

The port set a monthly container record in August with 688,365 twenty-foot equivalent units (TEUs). It then broke that record in September by handling 720,969 TEUs, a 15.4% year-over-year increase.

Last week, the port attributed September’s volume record to U.S. retailers stocking up for the holiday season as well as “growing concerns of future supply chain disruptions.” The port did not identify the source of those possible disruptions, but the United States is again setting daily records for new COVID-19 cases.

Monday’s announcement did attribute surging freight volumes “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.”

To Read More: https://www.freightwaves.com/news/port-of-nynj-strives-to-keep-cargo-flowing

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