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 →

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 →

The Port of New York and New Jersey continued its upward trend for cargo volumes by setting new monthly records in overall volume and rail lifts while trumping last year’s overall volumes for the month of May. Overall lifts for May 2015 were recorded at 322,681, or 12.1 percent better than overall lifts recorded in May 2014. This number sets a new monthly record for the port, which, year-to-date is ahead of 2014 volumes by 11.4 percent. With 162,851 lifts, May’s import loads outperformed import loads in May 2014 by 12.7 percent. Year-to-date import loads lead the same period for 2014 by 11.7 percent. AtRead More →

Port Authority officials recently joined New York City Mayor Bill de Blasio and other elected officials to announce an action aimed at revitalizing the Brooklyn waterfront. On June 29, 2015, officials celebrated commencement of a new container-on-barge service between the Port Authority’s Port Newark Container Terminal and the Red Hook Container Terminal in Brooklyn, which should be operational before the end of the summer. This initiative takes places under the auspices of the U.S.  Maritime Administration’s “America’s Marine Highway Program”, a federal initiative to integrate the nation’s 29,000 nautical miles of navigable waterways into the overall U.S. transportation network. Ultimately, container-on-barge service contributes to tangibleRead More →