Port of NY/NJ reports prosperous November

However, despite the port experiencing its best November ever in terms of containers handled, its share on the North American container market declined from 12 months prior.    The Port Authority of New York and New Jersey said it experienced its best November ever in terms of containers handled.
   However, the port authority’s share on the North American container market dropped to 14.8 percent for the first 11 months of 2016, down from a 15.8 percent share for the first 11 months of 2015, according to figures from the American Association of Port Authorities.
   In the Northeast, the port was still dominant with a 50.4 percent market share for the first 11 months of the year, down from 51.9 percent for the same 2015 period. For North American East Coast ports as a whole, the port held a 29.3 percent market share, down slightly from a 29.5 percent share for the corresponding 2015 period.

   Compared to November 2015, the Port Authority of New York and New Jersey reported: 
     • Total container volumes, which beat last year’s previous record November, rose 5.5 percent to 527,974 TEUs;
     • Loaded import containers rose 9.1 percent to 271,755 TEUs;
     • Loaded export containers fell 1.8 percent to 114,884 TEUs;
     • Empty import containers rose 46.7 percent to 2,333 TEUs;
     • And empty export containers rose 4.6 percent to 139,002 TEUs.
 
   Overall, for the first 11 months of the year, the port handled 5.73 million TEUs, 2.5 percent less than the same period last year.
   Zooming in on the port’s intermodal rail terminals, volumes for November totaled 43,556 containers, while for the first 11 months of the year, volumes reached 498,021 containers, year-over-year increases of 5.7 percent and 3.4 percent, respectively.
   In addition, the port handled 37,997 automobiles in November, 14 percent fewer than in November 2015. However, for the first 11 months of the year, auto volumes drove upwards 4.5 percent year-over-year to 452,321 units.