Port of New York/New Jersey reports record September

The port handled a record number of containers and automobiles in September, according to the latest figures from the Port Authority of New York and New Jersey.

   In September 2015, the Port Authority of New York and New Jersey set a new September record for cargo containers handled in the Port of New York and New Jersey.
   A total of 569,956 TEUs were handled during the month, a 14.3 percent increase over September 2014.
   Loaded containers over the same period increased 9.8 percent to 398,313 TEUs and the number of empties was up 26.6 percent to 171,643 TEUs.
   The Port Authority’s ExpressRail system also set a monthly record for September, handling 42,229 cargo containers of all sizes and eclipsing the previous best September of 39,430 boxes set in 2014.
   During September 2015, the Port of New York and New Jersey handled 35,050 automobiles, up 17.6 percent over the 29,801 handled in September 2014, which had also been the previous September record.
   In the first nine months of 2015, the Port of New York and New Jersey has handled 4,827,210 TEUs, 13 percent more than in the same 2014 period.
   The increase in container movements through Port Authority of New York and New Jersey terminals appear to be among the factors that resulted in a 9 percent increase in revenues and a whopping 30-fold increase in income from operations for the port commerce department of the agency.
   According to financial statements for the first nine months of the year released last week, income from operations of the the port commerce department stood at $26.6 million in the first nine months of 2015 compared with just $870,000 in the first nine months of 2014. Port commerce department revenues in first nine months of 2015 grew 9 percent to $208.6 million over the $191.3 recorded the previous year.
   The port commerce department is still a small part of the overall operations of the Port Authority: in the first nine months it accounted for less than 6 percent of the $3.6 billion in operating revenues of an agency which operates some the nation’s busiest airports, heavily used tunnels and bridges, a commuter railroad, and real estate ventures that include the World Trade Center in Manhattan.