The economy is in a 'freight recession,' with China trade heading lower
As the big East and West coast ports jockey for supremacy in total trade volume coming into the country, the pie is getting smaller as the economy ...
As the big East and West coast ports jockey for supremacy in total trade volume coming into the country, the pie is getting smaller as the economy softens. The latest trade data released by the Port of New York and New Jersey, the nation's largest container port on the East Coast, points to a slight uptick in container processing but future ocean freight orders continuing to pull back. In the month of March, the Port of New York and New Jersey handled 574,452 TEUs (20-foot equivalent units) making it the nation's third-busiest port.