The Port of New York and New Jersey outperformed the Port of Los Angeles and other California ports in trade for the month of October due to ongoing labor disputes on the West Coast.
The Port of New York saw a 19 percent increase in its handling of twenty-foot equivalent units for the month of October compared to 2019, roughly 792,548 TEUs.
A spokesperson with Everstream Analytics warned that the two sides do not appear to have come any closer to reaching an agreement even after over six months of negotiations. In the Port of Oakland, for instance, workers with the ILWU have performed as many as two walkouts since the start of November. Even with the decrease in cargo arrivals, productivity has overall decreased in the ports, specifically Seattle and Oakland, due to the labor disputes, with some shipments being rerouted to Canada.
Josh Brazil, vice president of supply chain insights for Project44, which tracks the shipments, told CNBC that New York and New Jersey have seen an increase in shipments due to the fact that shippers are now actively avoiding the West Coast ports. Paul Brashier, vice president at ITS Logistics, said that rerouting of West Coast shipments to the East Coast ports will put a strain on railway services to transport the goods from coast to coast.
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