Port Authority of New York and New Jersey performance worst ever

The Port Authority of New York and New Jersey (PANYNJ) did not sugarcoat the news. The headline on its press release read: “COVID-19-RELATED VOLUME DECLINE CAUSES SINGLE WORST QUARTER ON RECORD.”

Between March, when the full force of the coronavirus pandemic hit the New York area, and the end of June, the port authority’s revenue miss totaled nearly $800 million — about $200 million per month below budget. 

PANYNJ Chairman Kevin O’Toole called it “an unprecedented number.” 

“This region has been...

https://s29755.pcdn.co/news/port-authority-of-new-york-and-new-jersey-performance-worst-ever

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