Cargo volumes at the Port of New York and New Jersey fell 6% year-over-year to 742,571 TEUs in October.
The port saw cargo activity rise 12% compared to September 2023 figures however, when volumes reached 660,553 total TEUs.
Compared to pre-pandemic figures, port volumes were up 11% compared to October 2019.
The port operator is preparing for further growth with a $220 million infrastructure upgrade at the Newark complex to allow for safer trucking operations.
"This project will mean a safer, faster trip for trucks and other vehicles serving our seaport that require access to the port complex every day," Port Authority Executive Director Rick Cotton said in the announcement. “That will have ripple effects across the regional and national supply chain, helping the Port of New York and New Jersey stay ahead of the curve as cargo volumes continue to grow in the years ahead.”
