On December 10, the Board of Commissioners for the Port Authority of New York and New Jersey approved the agency’s operating and capital budget for fiscal year 2016, worth a combined $6.5 billion. Allocations include $3 billion for the agency’s Operating Budget and $3.5 billion for its Capital Budget. Of particular note for the Port of New York and New Jersey: $8 million from the Operating Budget is slated for future planning, including a Port Commerce master plan to optimize land use, and operation of an agency wide operations center for enhanced system wide trans-Hudson transportation management. $952 million from the Capital Budget is slatedRead More →

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In: Capital Investments

On Thursday, November 12, 2015, the Port Authority announced the launch of its new Agency Operations Center (AOC) at the Port Authority Technical Center in Jersey City. The AOC will help to achieve a key agency objective of enhancing the regional transportation network for goods and people. Traveler safety will be increased and congestion will be reduced by increasing the efficiency of operations and incident responses across the Port Authority’s entire cross-Hudson transportation network. Working around-the-clock, AOC staff will use camera feeds, travel-time detectors, and other equipment to monitor traffic of vehicles and passengers at all Port Authority facilities in real time. Monitored facilities includeRead More →

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GCT Bayonne

On Thursday, October 22, the Port Authority Board of Commissioners approved an agreement that will allow construction to proceed on a major ship-to-rail facility adjacent to Global Container Terminal (GCT) in Bayonne. GCT will build, operate, and maintain the new ExpressRail Port Jersey facility in Greenville Yard. ExpressRail Port Jersey is slated to open in 2018. The facility will promote more efficient and environmentally friendly movement of cargo. The Port Authority will pay GCT up to $56 million to cover construction costs. The agency will cover this funding via the Cargo Facility Charge, a per-container fee assessed on cargo shipped through the Port of NewRead More →

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A new economic impact study concluded that the economic value of the Port of New York and New Jersey has grown, and this bodes well for the region. The report cites that jobs directly associated with port activity have increased by more than 13 percent since 2012. Personal and business incomes as well as federal, state, and local tax revenues associated with the port have also grown. Commissioned by the New York Shipping Association (NYSA) and prepared by the firm of A. Strauss-Wieder Inc. of Westfield, New Jersey, the new study reflects port operations as they were conducted in 2014. The data therefore does notRead More →

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Port Cranes At Work

Trade stats released for June 2015 confirmed cargo volumes at the Port of New York and New Jersey set a record pace during the first six months of 2015. Volumes were moved 13.4 percent higher than the same period in 2014, which established the previous record. Between January and June of this year, the port handled 3,093,789 TEUs (twenty-foot equivalent units), compared to 2,727,554 TEUs handled during the same period in 2014. These record volumes have allowed the port to maintain its position as the busiest on the East Coast. Cargo handled by ExpressRail, the Port Authority’s ship-to-rail system serving New York and New JerseyRead More →

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