From Railway Age. This kind of investment and rebound in container traffic with continued growth will help support the inland port strategy.
NY-NJ port to expand ExpressRail
Tuesday, March 08, 2011
After experiencing near-record container traffic in 2010, the Port Authority of New York & New Jersey announced that it will invest $283 million in 2011 to upgrade the port road network, enhance the existing ExpressRail System, and continue its program to deepen the port’s channels to 50 feet.
The ExpressRail System is a $600 million program that has created dedicated rail facilities, along with additional yards, at major container terminals in Elizabeth and Newark, N.J. and the New York City Borough of Staten Island. The agency also is continuing the development of the Global Container Terminal in Jersey City to accommodate future growth and is expanding the capacity of the cross-harbor rail barge float operation between Brooklyn and Jersey City. It also plans to develop the Greenville Yards in Jersey City.
The Port Authority said cargo volumes rose 16% in 2010. Total container traffic was 5,292,020 loaded and empty TEUs (20-foot equivalent units), compared with 4,561,527 in 2009. The number of TEUs was slightly below the 5,299,105 in 2007, which was an annual record for the port.
Total bulk cargo exports decreased by 3.3%, from 9.4 million metric tons in 2009 to 9.1 million metric tons in 2010.
The port handles approximately 31% of all East Coast cargo.