NY-NJ port activity down for first time since 1993
For the first time in 15 years, container traffic handled by the Port of New York and New Jersey in 2008 was down for the full year.
Figures released today show a decline of little more than half a percentage point. But the global economic crisis is idling longshoremen and undermining trade at the East Coast’s largest port complex.
The Port Authority of New York & New Jersey says exports fell 25 percent and imports dropped 11 percent in December.
Walter Arsenault of the Waterfront Commission of New York Harbor says the number of available deep-sea longshoremen without work rose 55 percent in February from the same period last year.