N.Y.-N.J. Port Sees First Decline in 15 Years

Container traffic at the Port of New York and New Jersey fell last year for the first time in 15 years, the Associated Press reported.

The number of 20-foot equivalent units, or TEUs, moving in and out of the complex dropped by less than 1% last year, to 5.27 million units, AP said, citing the Port Authority of New York & New Jersey. The modest decrease was driven by steep declines in the last two months of the year.

The number of loaded TEUs plunged 25% in December, while imports dropped 11%. November exports fell 10% and imports fell 4%.

The port is the East Coast’s largest.