Skip to content
Search AI Powered

Latest Stories

Port of NY and NJ sees double-digit increase in cargo volume

Imports fuel growth as port records record-breaking month in container volume, autos, and rail, officials say.

PANYNJ_9-19_aerials-881-840x385.jpg

The Port of New York and New Jersey reported record cargo volume this spring, fueled by a continued surge in imports, officials said today.


The port posted double-digit increases in total container volume, container imports, and autos, and set a new April record for rail volume, the most recent monthly data reported. Total April volume reached 712,799 twenty-foot equivalent units (TEUs), a more than 27% increase compared to a year-ago and a new monthly record.

Imports rose by nearly 27% percent in April, totaling 359,265 TEUs; from January through April, imports reached more than 1.4 million TEUs, a 24% increase compared to the same period in 2020, at the start of Covid-19 pandemic. Exports increased 25% compared to a year ago; year to date, loaded exports decreased 3%.

Export empties increased more than 29% year-over-year in April and were up nearly 40% for the first three months of the year. Import empties rose by 38% year-over-year for the first quarter.

April rail volume set a record high, totaling 63,896 containers, an increase of 13% from the previous year’s April figure. Total rail volume for the year through April is 6% greater than the same period in 2020, officials reported.

Auto volume also posted double-digit increases in April: A total of 43,036 autos moved through the port, up 31% compared to April 2020. Auto volume for the year is 16% greater than the same period of 2020.

The Latest

More Stories

US Bank truck shipments Q3

U.S. Bank: truck freight shipments and spending slow their decline

Truck freight shipments and spending continued to contract in the third quarter, albeit at a slower pace than earlier this year, according to the latest U.S. Bank Freight Payment Index.

“The latest data continues to show some positive developments for the freight market. However, there remain sequential declines nationwide, and in most regions,” Bobby Holland, U.S. Bank director of freight business analytics, said in a release. “Over the last two quarters, volume and spend contractions have lessened, but we’re waiting for clear evidence that the market has reached the bottom.”

Keep ReadingShow less

Featured

nimble smart robots for fedex

FedEx picks Nimble for fulfillment automation

Parcel giant FedEx Corp. is automating its fulfillment flows by investing in the AI robotics and autonomous e-commerce fulfillment technology firm Nimble, and announcing plans to use the San Francisco-based startup’s tech in its own returns network.

The size of FedEx’s investment wasn’t disclosed, but the company was the lead investor of Nimble’s $106 million “series C” funding round, announced last week. The round was co-led by existing shareholder Cedar Pine LLC.

Keep ReadingShow less

Logistics gives back: October 2024

For the past seven years, third-party service provider ODW Logistics has provided logistics support for the Pelotonia Ride Weekend, a campaign to raise funds for cancer research at The Ohio State University’s Comprehensive Cancer Center–Arthur G. James Cancer Hospital and Richard J. Solove Research Institute. As in the past, ODW provided inventory management services and transportation for the riders’ bicycles at this year’s event. In all, some 7,000 riders and 3,000 volunteers participated in the ride weekend.


Keep ReadingShow less

Resilience is a daily fight

I recently came across a report showing that 86% of CEOs around the world see resiliency problems in their supply chains, and that business leaders are spending more time than ever tackling supply chain-related challenges. Initially I was surprised, thinking that the lessons learned from the Covid-19 pandemic surely prepared industry leaders for just about anything, helping to bake risk and resiliency planning into corporate strategies for companies of all sizes.

But then I thought about the growing number of issues that can affect supply chains today—more frequent severe weather events, accelerating cybersecurity threats, and the tangle of emerging demands and regulations around decarbonization, to name just a few. The level of potential problems seems to be increasing at lightning speed, making it difficult, if not impossible, to plan for every imaginable scenario.

Keep ReadingShow less
AI tops digital supply chain investment priorities

AI tops digital supply chain investment priorities

Investing in artificial intelligence (AI) is a top priority for supply chain leaders as they develop their organization’s technology roadmap, according to data from research and consulting firm Gartner.

AI—including machine learning—and Generative AI (GenAI) ranked as the top two priorities for digital supply chain investments globally among more than 400 supply chain leaders surveyed earlier this year. But key differences apply regionally and by job responsibility, according to the research.

Keep ReadingShow less