Port Authority of New York and New Jersey : 2011 record growth in cargo volume

The 5.5 million TEU handled in 2011 represented a nearly four percent increase over 2010’s volumes. The port’s on-dock rail system also set a new record in 2011, handling 422,144 containers, or twelve percent more than in 2010.

“These records demonstrate that despite these challenging economic times our commitment to establishing stronger import/export trade relations, retaining and attracting the highest quality operators and investing in state-of-the-art facilities with the latest technology is working,” said Port Authority Chairman David Samson. “Over the coming years we will continue to make significant investments in our port related infrastructure - one billion US-Dollar for raising the roadway of the Bayonne Bridge, as well as port roadway improvements, harbor deepening and Express Rail - to ensure our continued status as an industry leader and primary source of jobs and economic activity for the region.”

Additionally, work continued on the 50-foot harbor deepening project, which is expected be completed to the terminals in Port Newark, Elizabeth and Port Jersey by the end of 2012 and to New York Container Terminal by 2014. These projects are all designed to provide unimpeded ocean and landside access capacity to and from the port for the expected future annual cargo growth.