New York is now No. 1 port in a tipping point for U.S.-bound trade

New York is now No. 1 port in a tipping point for U.S.-bound trade

The MOL Maneuver container ship sails into port below the Verrazano-Narrows Bridge in the decrease bay of the New York Harbor on March 25, 2021 in New York City.

Gary Hershorn | Corbis News | Getty Images

Historic import and export container processing in the month of August pushed the Port of New York and New Jersey to the No. 1 spot outpacing each the ports of Los Angeles and Long Beach.

This comes because the circulate of trade continues to maneuver away from the West Coast with logistics managers nervous about a labor strike or lockout. The Port of Los Angeles ranked third in the nation in August, shifting 805,314 whole containers. That was 37,877 lower than the Port of New York and New Jersey, which moved 843,191. The Port of Long Beach got here in second, shifting 806,940 export and import containers.

“We are exceeding pre-Covid numbers. It is astonishing, and it is a credit to the men and women who are moving the cargo with such efficiency,” mentioned Kevin O’Toole, chairman of the Port Authority. “Our planning with rail to complement the actual infrastructure and the dredging are allowing this added capacity that would not have happened four or five years ago.”

This August was the busiest August in the historical past of the Port of New York and New Jersey and the fourth busiest month ever. The port’s 5 busiest months have all occurred in 2022.

More East Coast trade, and extra port congestion

The CNBC Supply Chain Heat Map for the U.S. exhibits how the continued improve in trade has East Coast ports and Gulf port because the winners in this motion of freight. Logistics corporations and warehouses that serve these ports are additionally reaping the advantages of the extra containers. (*1*)