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For the first time in 15 years, annual cargo volume remained flat at the Port Authority of New York and New Jersey (PANYNJ).

In 2008, the authority handled 5.26 million 20-foot equivalent units (TEUs) compared with 5.3 million TEUs in 2007. PANYNJ officials expect volumes to decrease throughout 2009 as "the full effect of the economic downturn is realized."

However, the authority expects cargo growth at the port over the long term and is making investments to expand or upgrade ExpressRail and other infrastructure.

For more 2008 port statistics, as well as details on how the authority is working to accommodate future growth, follow this link.