A strong surge in exports pushed container volume at the Port Authority of New York and New Jersey up 11.6 percent year-over-year in October, restoring recovery momentum at the East Coast’s largest port.
The port’s overall container volume also grew 8.3 percent from September to October, reaching 371,620 20-foot equivalent container units, the first month-to-month increase since July.
Exports grew 9.5 percent in October over the same month a year ago, and 18.7 percent from the lackluster September, to 139,182 TEUs, the highest point since September 2008.
By The Numbers: U.S. Foreign Trade.
Import container volume grew 12.8 percent over October 2009, and the 2.9 percent month-to-month increase followed two straight months of sequential declines.
New York-New Jersey also saw strong demand for rail services in October, with rail lifts -- including full loads and empties -- growing 24.4 percent to 35,714 lifts. That was the most the port authority has reported since 35,223 lifts in August 2008.
For the first 10 months of 2010, port authority container volume was up 12.3 percent over the same period the year before.
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