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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In: Capital Investments
containerized map

Container lifts for September 2015 topped lifts from the same month, 2014 by 13.4 percent according to stats just released by the Port of New York and New Jersey. At 325,534 lifts, 2015 now holds the port’s new record for volume by month in September. Year-to-date, the port stands ahead of 2014 volumes by 12.2 percent. With 163,597 lifts, September import loads outperformed the same month, 2014 by 12.4 percent. Year-to-date, import loads are running 11.2 percent in front of 2014. Export loads made a slight gain of .6 percent over September 2014 with 62,372 lifts. However, they lag 2014 year-to-date by 1.3 percent. RailRead More →

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The Port Authority launched its 2015 Regional Truck Replacement Program (2015 RTRP) on October 19. The $2 million program continues the agency’s initiative to provide truck owners with financial incentives to replace their older vehicles with cleaner and safer units. This, in turn, will produce significant environmental benefits at the port. Specifically, the 2015 RTRP provides independent owner operators and licensed motor carriers who own trucks with Model Year 1994-2006 engines an opportunity to receive a grant. The grant will cover up to 50 percent of the purchase price (up to $25,000) for a replacement truck equipped with a Model Year 2007 or newer EPARead More →

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Port Cranes At Work

Trade statistics shared by The Port Authority of New York and New Jersey’s Port Commerce Department show two records broken in August 2015.   Overall container lifts for that month hit 329,057, up 7.9 percent from August 2014. The August 2015 numbers represent a new monthly record for container lifts at the Port of New York and New Jersey. Rail lifts also had their best August ever. With 45,533 lifts, August rail volumes are ahead of August 2014 by 5.9 percent, with year-to-date volumes ahead of 2014 by 13 percent. Overall year-to-date, the port’s volumes are ahead of 2014 by 12 percent. With 163,674 lifts,Read More →

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In: Trade Stats

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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