At a press conference held last week, the New York Shipping Association (NYSA) released its 2017 report, The Economic Impact of the New York-New Jersey Port Industry. The seventh iteration of this study, the document examines the Port of New York and New Jersey’s economic activity in 2016, and concludes that “The significant economic contribution the Port of New York and New Jersey makes to this region [was] demonstrated once again” during that year. The document shows that, in the two years since NYSA’s previous Economic Impact report, which covered 2014, the port has significantly increased the number of jobs it offers, as well asRead More →

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In: Econ Insight, Industry News/Advisory, Trade Stats

   Today, two prominent chassis providers in the Port of New York and New Jersey —  TRAC Intermodal and DirectChassisLink, Inc. (DCLI) — have collocated their operations on Bay Avenue in Port Elizabeth to provide greater efficiency in chassis supply and maintenance.  “This development is another step in the Port of New York and New Jersey’s commitment to provide smooth and efficient port operations,” said Beth Rooney, assistant director of the Port Department at The Port Authority of New York and New Jersey. “Now that larger, next-generation container vessels have begun to call our port, we need to make sure we have sufficient equipment on hand toRead More →

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In: Cargo Volumes, Industry News/Advisory, New Programs

Eleven staffers from the Port Department of The Port Authority of New York and New Jersey deployed to Puerto Rico on September 29, 2017 to assist emergency recovery efforts in the wake of Hurricane Maria.   The 11 Port officials complement a deeper  group of 70 Port Authority representing the agency’s Aviation and Police departments, as well as its Office of Emergency Management. The Port Authority’s task force, in turn, complements an extensive team of specialists and equipment deployed by New York State to assist the Commonwealth of Puerto Rico, whose recovery needs include search-and-rescue operations, restoration of airport services, and the reestablishment of portRead More →

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In: Industry News/Advisory

August 2017 became the best month for cargo volumes in the long and busy history of the Port of New York and New Jersey. The monthly total of 361,565 lifts (631,404 TEUs) crushed the previous monthly high of 339, 601 lifts (588,918 TEUs) logged in July 2015. August 2017 also fared 7.8% better than the previous  year’s volumes (August 2016). At close of August 2017, the port beat 2016 overall lifts by 6.2%. Also worth noting: at 51,115 lifts, August 2017 rail volumes were 3.0% better than August 2016, qualifying August 2017 as the best rail month in Port history. Year-to-date rail volumes are 2.7%Read More →

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In: Cargo Volumes, Industry News/Advisory

A $200 million investment in reinforced berths to prepare itself for the arrival of next- generation, ultra large container ships continues apace at APM Terminals Port Elizabeth at the Port of New York and New Jersey. Coupled with infrastructure improvement projects announced by The Port Authority of New York and New Jersey, the investments made by APM Terminals will further enable global trade at the largest port on the east coast of North America. The $200 million investment by APM includes: Four next-generation Ship-to-Shore (STS) cranes designed to handle ultra-large container vessels (ULCVs) up to 23 containers wide and 10 high on deck; Expansion andRead More →

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In: Capital Investments, Industry News/Advisory