Afternoon Coffee: Port of New York and New Jersey Sees Record Traffic in July, Cargo Thefts Increase in Second Quarter

Container volume at the Port of New York and New Jersey was up 14.1% during July from a year earlier. The port saw a total of 88,918 20-foot equivalent units in July– a record amount for the port.

Cargo thefts were up 8% during the second quarter of 2015, and the value of stolen products increased 70% from the same time last year to more than $19.5 million. Food and beverage products were the most stolen items.

US GDP grew 3.7% during the second quarter of 2015, more than initially thought and higher than experts had predicted.

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