Infrastructure
New York City (NYC)
Port Authority
Port Authority
The Port Authority of New York and New Jersey is the largest port on the
East Coast and third-largest in the nation. The Port handles many types
of cargo including containers, roll on-roll off automobiles, liquid and
dry bulk, breakbulk and specialized project cargo. The port has 54
container cranes ready to handle all types of cargo, including the
Chesapeake 1000 which is the largest crane barge on the East Coast with
a 1,000-ton capacity. In 2012, the New York-New Jersey Port supported
165,350 direct (onsite) jobs, 296,060 total jobs, over $18.3 billion in
personal income, and nearly $28.9 billion in business income. The port
generated more than $6.1 billion in annual tax revenues to the federal,
state, and local governments.
Because of the bustling maritime activity during the early 1900s, New
York and New Jersey frequently fought over jurisdictional rights of the
Hudson River. In 1921, the two states agreed to create The Port
Authority of New York and New Jersey to develop and modernize the port
district.
The Port of New York and New Jersey is the largest port in U.S. for
automobile imports and exports. Automobiles and other vehicles usually
ship on a roll on-roll off vessel where vehicles are driven on and off
the ship opposed to being lifted off by a crane or derrick. In 2013, the
Port Newark/Elizabeth Marine Terminal complex handled 745,419 new and
used vehicles.
The ExpressRail system has three major terminals: Elizabeth, Newark, and
Staten Island. After suffering through the two World Wars and Great
Depression, ExpressRail Newark was repaired in 1951 and accommodated the
largest ships at the time. ExpressRail Elizabeth, nicknamed America's
Container Capital, was opened in 1962 and was the first container port
in the world. The size of the terminals range from 80 acres to 445
acres. Ship berths at these terminals range from 1,800 feet to 10,128
feet. All terminals have reefer plugs that allow for
temperature-and-humidity-controlled cargos including frozen ice cream,
juice concentrates, and meats. The standard containers are twenty-foot
equivalent unit (TEU) and can be easily transferred between ships,
trains, and trucks.
The Intermodal Rail covers the eastern half of the United States and
Eastern Canada. The trucking and roadway network of the Port Authority
of New York and New Jersey is situated within 700 miles of major cities
and populations centers in the Northeast. Shippers can reach 100 million
consumers within a day's departure from the port.
Foreign-Trade Zone 49 (FTZ 49) is used by many manufacturers to lower
import duties and taxes because the merchandise they receive there is
considered international commerce. In fiscal year 2010, the value of
foreign merchandise received and forwarded through FTZ 49 totaled $22.6
billion. This represents an 11% increase from the previous fiscal year.
FTZ 49 directly employs approximately 5,000 people.