THE PORT AUTHORITY OF NY & NJ

Press Release Article


PORT OF NEW YORK/NEW JERSEY REPORTS CARGO VOLUMES ON RECORD PACE DURING FIRST HALF OF 2015

Date: Jul 28, 2015
Press Release Number: 104-2015

Cargo TEUs up 13.4 percent between January and June this year

The Port Authority announced today that cargo volumes in the Port of New York and New Jersey are on record pace for 2015 during the first six months of this year – 13.4 percent higher than the same period in 2014 when the previous record was established.

Between January and June 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.  The 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 Jersey marine terminals, also continued to increase as a percentage of total port cargo compared to trucks.  During the first six months of 2015, ExpressRail handled 257,103 containers, up 15.1 percent from the previous record year of 2014, when 223,374 containers were handled.  The agency’s investment of more than $600 million in ExpressRail – and its plans to build a new ExpressRail facility in Greenville Yard in Jersey City – has been critical to addressing the need for on-dock rail to improve port efficiency, competitiveness and reduce emissions.  Port road, rail and security projects are now funded by portwide Cargo Facility Charges.

“Port Director Rick Larrabee is retiring on a high note with cargo volumes at record levels thanks to strategic initiatives he led including the 50-foot channel project, investments in our port’s environmentally friendly rail network, upgraded port roads, and our award-winning Clean Air port strategy,” said Port Authority Executive Director Pat Foye. “He leaves the Port of New York and New Jersey with a strong outlook for continued growth in jobs and economic activity as the pre-eminent East Coast port, and our project to raise the Bayonne Bridge underway.  This week we welcome Molly Campbell as our new port director who I am confident will build on Rick’s accomplishments in the years to come.”

“We’re reaping the benefits of a strong regional economy and labor uncertainty on the West Coast,” said Port Commerce Director Richard Larrabee.  “Our challenge now is to find ways to more efficiently handle the record volumes we have seen all year, and we’ve been working collaboratively with all port stakeholders to meet this goal.

“At the same time, we are continuing our aggressive environmental initiatives to ensure that more cargo does not result in more pollution for those who work or live around our port facilities,” Mr. Larrabee said.

Between 2006 and 2013, the port’s Clean Air Strategy helped contribute to a 33 percent reduction in tons per year of all pollutants, even while our cargo volumes grew by 7 percent during that period.

In addition to cargo containers, the port also reported a 31 percent increase in vehicles handled by auto processors serving the port – from 172,375 units handled in 2014 to 226,053 units handled in 2015.  The increase is due in part to the Auto Incentive Program launched in 2014 to provide financial incentives to auto manufacturers who bring new or increased vehicle business to the port.

To continue the port’s ability to handle increasing cargo volumes, the Port Authority formed a Port Performance Task Force in December 2013 to explore ways to improve efficiency and service reliability at the port.  The task force developed a series of 23 recommendations that if implemented would reduce truck congestion and air emissions in the Port of New York and New Jersey, improve customer service for truckers and other port stakeholders, and enhance the flow of goods to and from the marketplace.  A group of port stakeholders – the Council on Port Performance – was formed to begin the task of planning and implementing the recommendations.

To that end, the Port Authority also announced today the release of the Truckers’ Resource Guidebook.  To get a copy, click here: http://www.panynj.gov/port/pdf/CPP-2015-Trucker-Guidebook.pdf. The guidebook – one of the 23 recommendations – contains important information on how to navigate through the port's six terminals, including important phone numbers, a list of Do's and Don'ts, Frequently Asked Questions, terminal maps and how to help ensure a successful visit to a terminal.  Work on other critical recommendations is ongoing.

Contact:
The Port Authority of New York and New Jersey
212-435-7777

Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency’s network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than $23 billion in annual wages and $80 billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where the 1,776-foot-tall One World Trade Center is now the tallest skyscraper in the Western Hemisphere. The Port Authority receives no tax revenue from either the State of New York or New Jersey or from the City of New York. The agency raises the necessary funds for the improvement, construction or acquisition of its facilities primarily on its own credit. For more information, please visit http://www.panynj.gov.