Cargo volumes at the Port of New York and New Jersey fell 21% YoY to 662,740 TEUs in August as the seaport adjusts to lower retail volumes, reports supply chain dive.
“Ahead of preparation for the holiday shopping season, U.S. retailers continued to draw from their overstock of inventory that was delivered during the record cargo surge over the past two years,” the port said in a press release.
Cargo activity dropThe port also saw cargo activity drop 8.6% compared to...
https://mfame.guru/port-of-new-york-and-new-jersey-cargo-volumes-drop-21-in-august/