Inbound Logistics: Port of NY/NJ sets Cargo Record

In a press release dated March 20th, 2007 The Port Authority of New York and New Jersey reported record cargo throughput for the 2006 calendar year. Buoyed by increased inbound trade with Asia, Northern Europe and South America, the port handled more than 5500 vessel calls through the Bi-state port complex.

Port Authority Port Commerce Director Richard M. Larrabee said that in 2006, the total container volume (loaded and empty) handled in the Port of New York and New Jersey was 5,092,806 TEUs, a 6.4 percent increase over the 2005 total of 4,785,318 TEUs and a new annual record. The total value of all cargo handled in 2006 – more than $149 billion – surpassed the previous record of $132 billion, Mr. Larrabee said.

The Port Authority plans 2 billion dollars in port infrastructure improvements in the next 10 years, including harbor dredging, off port roads and an Express Rail on-dock rail facility.  The Port Authority is run as an independent agency and receives no funding from either state.  It is the largest port complex on the east coast of the United States.

clipped from www.logisticsmgmt.com NEW YORK—International cargo volumes in the Port of New York and New Jersey hit record levels in 2006, Port Authority Chairman Anthony R. Coscia and Port Authority Executive Director Anthony E. Shorris announced yesterday at a press conference. Healthy growth projections have prompted the Port Authority to plan $2 billion in seaport investments over the next 10 years. Chairman Coscia said at the press conference: “During the past 10 years, our cargo volume has doubled and our rail volume has nearly tripled.The dramatic increases require us to take immediate steps to ensure that our port continues to grow and prosper.We’ve made a substantial $2 billion commitment to the port that not only will allow larger ships to call on port terminals, but will enhance the flow of cargo on and off the port.These investments will ensure that the port remains a leading generator of jobs and economic activity.”