PANYNJ: January volume indicates strong start to 2024

The Port Authority of New York and New Jersey (PANYNJ) started 2024 with strong cargo and auto volumes. Total volume in January rose 3.4% from the previous year's mark, reaching 667,346 20-foot equivalent units (TEUs).

"This strong total outpaced port activity in pre-pandemic January 2019 by 7.2%," PANYNJ officials said in a news release. "January 2024’s volume was also 5.3% above December 2023 figures."

Auto volume registered a double-digit gain in January, as 35,302 vehicles moved through the Port of New York and New Jersey, up 22.1% year over year.

The port was the nation's second busiest for loaded imports and exports in January at 447,514 TEUs, a 2.6% gain from January 2023's level. Imports rose 5.8% to 342,790 TEUs, while import empties climbed by 27.1%.

Exports decreased 6.7% to 104,724 TEUs, but export empties increased 4.9% to 217,878 TEUs on a year-over-year basis.

Rail volume in January fell 1.3% to 53,013 containers from the previous year's figure.