The Port of New York and New Jersey (Port of NY/NJ) recorded a double-digit increase in volumes for March, marking the fourth consecutive month of year-over-year volume growth for the port. 

The port handled 701,648 TEUs (twenty-foot equivalent units) throughout the month, a 22% jump from March 2023 and a 20% increase compared to the pre-pandemic period in March 2019.

"The Port of New York and New Jersey was the second-busiest cargo port in the nation during March 2024," Port of NY/NJ said in a statement.

Over 2M TEUs handled in Q1 2024

It added that these numbers contributed to a strong start to the year, surpassing 2 million TEUs as the port moved a total of 2,001,449 TEUs by the end of the first quarter.

This was a 12% increase from the same period in both 2023 and pre-pandemic 2019.  

"The port was also the nation's second busiest for loaded TEUs, handling 471,193 loaded TEUs in March 2024," Port of NY/NJ said, adding that this was a 9% increase from February 2024, as manufacturing restarted overseas following the Lunar New Year holiday.