The Port of New York and New Jersey is the gateway to one of the most concentrated and affluent consumer markets in the world. It is the largest port on the East Coast, and the third-largest in the nation.
The Port Authority of New York and New Jersey manages Port Newark, the Elizabeth-Port Authority Marine Terminal, the Howland Hook Marine Terminal, the Brooklyn-Port Authority Marine Terminal, the Red Hook Container Terminal, and the Port Jersey Port Authority Marine Terminal. Combined these facilities make up the marine terminal facilities of the Port of New York and New Jersey. The Port Authority leases most of its terminal space to private terminal operators, which manage the daily loading and unloading of container ships.
In 2010, the Port of New York and New Jersey handled 5.3 million loaded and unloaded 20-foot equivalent units (TEUs), a 16% increase in total container traffic from 2009. Loaded containerized cargo volumes rose 12.6 percent, led by continued growth in trade with Asia and North Europe. The dollar value of all cargo that moved through the port exceeded $175 billion.
The Port Authority also maintains and operates public berths, at which shippers can arrange to load and unload cargo. Most of the vehicles coming into and out of the Port use public berths, as does most of the bulk and breakbulk cargo. (Bulk cargo is loose and can be poured, such as salt, grain, or liquids. Breakbulk cargo is in individual units, such as bags or crates, that can be counted.)
The Port Authority builds, improves, and maintains most of the terminals’ facilities and underlying infrastructure. This includes much of the Port’s transportation connections, including ExpressRail and road connections to the surrounding highways, interstates, and the New Jersey Turnpike.