Tuesday, October 3, 2023

Is this a poor sign for the region or the co[untry?

Port Of New York And New Jersey Cargo Volumes Drop 21% In August 

Tyler Durden's Photo
BY TYLER DURDEN
TUESDAY, OCT 03, 2023 - 03:30 AM


By Alejandra Salgado of SupplyChainDive

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.

“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.


https://www.zerohedge.com/markets/port-new-york-and-new-jersey-cargo-volumes-drop-21-august



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