PANYNJ officials attributed the decline in cargo volume to the impact of the COVID-19 pandemic on the global economy.Photo – panynj.gov
The Port Authority of New York and New Jersey's (PANYNJ) cargo volume dropped 16.5 percent in May to 537,412 20-foot-equivalent units (TEUs) from 643,706 TEUs in May 2019, authority officials announced Monday.
PANYNJ officials attributed the decline to the impact of the COVID-19 pandemic on the global economy. The loss brings the authority's total cargo volume for 2020 through May to 2,854,319 TEUs, according to PANYNJ's Breaking Waves blog.
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