2023

2023

New York & New Jersey's box traffic fell in 2023. The Port Authority of New York and New Jersey (NY/NJ) handled 633,925 TEU in December, an increase of 3.4% compared with the corresponding period of 2022. However, for the full year, 7.81M TEU was processed, which was 17.7% lower than in 2022.

This decline in box traffic indicates a challenging year for the region's port authority. Despite the slight improvement in December, the overall decrease in TEU throughout the year reflects various factors impacting the shipping industry. These factors may include global economic conditions, trade policies, and disruptions caused by the ongoing COVID-19 pandemic.

The Port Authority of NY/NJ plays a crucial role in facilitating trade and commerce in the region. As one of the busiest port complexes in the United States, it serves as a vital gateway for international cargo. The decline in box traffic highlights the need for continuous efforts to address the challenges faced by the port authority and ensure the smooth flow of goods in the future.