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Port of New York and New Jersey

NEWARK, NEW JERSEY

The Port of New York/New Jersey is the largest port complex on the East Coast of North America and is located at the hub of the most concentrated and affluent consumer market in the world, with immediate access to the most extensive interstate highway and rail networks in the region. In addition, The Port Authority directly oversees the operation of seven cargo terminals in the New York-New Jersey region. Each terminal offers comprehensive shipping services, a qualified, highly productive labor force and competitive pricing. The Port also provides a fast and efficient rail and trucking services. Our SEA LINK® Driver Identification Program speeds cargo processing. The Port Authority of New York & New Jersey is a bi-state agency formed in 1921 to promote trade and commerce in the entire port region and has been the grantee for FTZ No. 49 since 1979.

2008 Statistics:
- Handled 5.3 million loaded and unloaded 20-foot equivalent units (TEUs).
- Loaded containerized cargo volumes rose 1.7%, led by continued growth in trade with Asia and Northern Europe.
- The dollar value of all cargo moved through the Port exceeded $190 billion, a new record.
- ExpressRail, the Port Authority's on-dock rail system, set a new record in 2008, handling 377,827 cargo containers, an increase of almost 20,000 over 2007.
- The Port Authority of New York and New Jersey is investing $246 million in seaport related improvements in 2009.

PORT SPECIALIST

Bill Waxman
Senior Vice President
T 201.712.5810
william.waxman@cbre.com

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Last Modified: Wednesday, August 12, 2009   
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