Tuesday, August 5, 2014
Port of NY/NJ sets cargo record in first half
The Port Authority of New York and New Jersey announced that its cargo volumes set a record for the first six months of 2014.
The port authority reported 4 percent growth in container traffic from January through June of 2014. That includes a 5.4 percent hike in imports and a 14.3 percent boost in empty containers during that six-month period.
Since the start of 2014, the port said it handled 1,583,449 TEUs, up from 1,523,273 year-over-year and 35,000 TEUs more than the six-month record set in 2012.
The statement reports that ship-to-rail system ExpressRail showed a 5.1 percent increase in total lifts during the same period. More than 14 percent of total port traffic is currently transported by rail.
"Improving port infrastructure – including the raising of the Bayonne Bridge – and boosting productivity by implementing recommendations made by the Port Performance Task Force are critical to handling the growth in international cargo coming to the port," said Pat Foye, the executive director of the port authority, in the statement. "That's why we are investing more than $1 billion dollars to ensure that our port maintains its competitiveness and drives job growth for the region."
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