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The Port of New York & New Jersey a Leading Indicator of Globalization

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The Port of New York & New Jersey a Leading Indicator of Globalization The Port of New York & New Jersey A Leading Indicator of Globalization Transportation Research Forum Plenary Session March 23, 2006 R.M. Larrabee Director – Port Commerce Department Port Authority of New York & New Jersey The Port Authority of New York & New Jersey Responsible for Airports Tunnels & Bridges PATH Port of NY & NJ World Trade Center Site Established in 1921 by an act of US Congress Financially self-supporting through user fees and bond issues. Board of Commissioners chosen by Governors of NY(6) and NJ(6) International Trade Increases World Trade’s Contribution to 30% U.S. Gross Domestic Product 25% 20% 15% 10% 5% 0% Source:1 U.S.9 8Bureau2 1996 Dollars of Labor19 9Statistics2 2002 2012 Imports Ex por ts Historic Pattern of Growth 25% 20% Gross Domestic Product vs. Import Growth 15% 10% 5% 0% 1995 1996 1997 1998 1999 2000 GDP Grow2001 th 2002 2003 2004 Import Grow th Growth in Trade with Asia 25 20 15 10 Million TEU 5 0 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 Total Asia Europe Northeast USA is the Largest Consumer Market Impact on the Port of New York and New Jersey Landbridge 10-State Market Area Algeciras New York/New Jersey GioaTauro Los ANgeles Kobe Jiddah Hong Kong Kaohsiung Colombo Singapore Port of NY/NJ Containers and Total TEUs, 1991 - 2004 4,500,000 4,000,000 4,478,480 3,500,000 4,067,811 Containers TEUs 3,000,000 3,749,014 3,316,276 2,500,000 3,050,746 2,828,878 2,000,000 2,620,113 2,465,993 2,456,886 2,382,639 2,262,792 2,269,145 1,500,000 2,200,922 1,972,692 2,014,052 1,953,006 2,033,879 1,865,471 1,828,636 1,000,000 1,685,368 1,460,373 1,475,913 1,335,379 1,327,448 1,219,139 1,180,861 1,205,338 500,000 1,111,894 0 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 Transit Times Asia - NY/NJ Hong Kong CKYH AWE4 22 days GA ECN 23 days NWA NYX 23 days China Yantian/Shekou CYKH AWE-4 23 days CYKH AWE-1 24 days GA ECN 23 days Shanghai NWA NYX 26 days GA ECN 26 days CYKH AWE-1 27 days CYKH AWE-4 26 days Ningbo MSC Asia/USWC-EC 27 days CKYH AWE4 27 days Taiwan Kaohsiung NWA NYX 22 days Evergreen/LT AUE 23 days Korea Busan CYKH AWE-1 20 days CYKH AWE-3 23 days Singapore Grand Alliance AEX 25 days Thailand Laem Chabang Grand Alliance AEX 28 days Sri Lanka Colombo Grand Alliance AEX 21 days CMA/Contship/SCI/APL/HPL 23 days Indamex India Nhava Sheva CMA/Contship/SCI/APL/HPL 18 days Indamex Maersk MECL 24 days Impact of Globalization and our Challenges ¾ Large shippers driving supply chain ¾ Ocean carriers looking to larger vessels ¾ Increased strain on land-side infrastructure ¾ Operating in an environmentally and financially sustainable manner ¾ Providing a return to the region ¾ Providing for safe and secure supply chain Deepening Projects 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Harbor Deepening (50 Foot) Project Ambrose Channel Anchorage Channel Newark Bay Kill Van Kull Arthur Kill Port Jersey Bay Ridge Channel Arthur Kill (40/41 Foot) 41' 40' Full Build-out 2008 PNCT Maher Terminal • 180 Acres • 445 Acres • 2300 L.F. 50’ Berth • 3500 L.F. 50’ Berth • New Gate Complex • 1200 L.F. 45’ Berth • New Gate Complex PANYNJ • McLester Street Grade Separation • ExpressRail (37,000 L.F., 18 Tracks, 70 Acres) APM Terminal • Corbin Street Rail Yard I • PNICTF • 350 Acres • ExpressRail Second Lead Track • 4800 L.F. 50’ Berth • 1200 L.F. 45’ Berth • New Gate Complex New York Container Terminal SIRR reactivation with connection to Chemical Coast Line in Elizabeth, just across the Arthur Kill, in early 2006. Port of NY & NJ On-Dock Rail Volume is Growing 1992 1993 1994 1995 1996 7% in 2005 1997 300000 1998 275000 250000 1999 225000 2000 200000 175000 2001 150000 2002 125000 100000 2003 75000 50000 2004 25000 2005 0 ExpressRail Intermodal System Building a network of interconnected rail projects Regional Access Program Phase 1 e NS n CSX i X L S Existing (Conrail & Others) r C e v Phase I i R Little Ferry New Jersey Newark ine high L NS Le $50M, half Port Authority, half Norfolk Southern and CSX. Designed to improve the port’s access to the rail network. Will speed train movements through Northern New Jersey. Redevelopment Program Highlights 2005 ¾ Rail ¾ Former ExpressRail facility in Elizabeth demolished and repaved. Construction of Tracks 9&10 of new facility commenced. ¾ Construction of ExpressRail Corbin Street Intermodal Support Facility begun ¾ Construction on 39 acre HHMT ExpressRail Intermodal Terminal begun. ¾ Significant port of Chemical Coast North Connector rail line completed. ¾ Waterways ¾ The 45 foot channel to Port Newark and Elizabeth opened ¾ Substantial part of 41 foot channel to Port Jersey Peninsula completed ¾ Substantial part of 41 foot channel to HHMT completed ¾ 50 foot project started ¾ Warehousing and Distribution ¾ Four Portfields sites have applied for FTZ status for total of over 8 million square feet of planned w & d space. Environmental Stewardship Project: Benefits ¾Onsite Terminal Improvements 30% reduction in ¾ Electrification of Port Cranes emissions ¾ New yard and gate equipment and systems ¾Redevelopment of Brownfields ¾ Voluntary clean-up of Port Ivory Site Remediation ¾ Portfields program Jobs & Rateables ¾Improving Ocean Access through Harbor Deepening ¾ Beneficial Use of Dredged Material Jersey Garden Mall,Reefs ¾ Retrofitting all Staten Island Ferries Over 400 tons of N0x reduced ¾ Contaminant Assessment Reduction Program ID sources, predict flows and develop reduction plan ¾Model Green Port ¾ EMS Reduce enviromental impacts ¾Voluntary Tenant Environmental Awareness Training AAPA award for tenant program Providing a Safe and Secure Environment 9 Transportation Worker Identification Card 9 National and International Framework for Cargo Security 9 Improved Event Response and Mitigation Contribution to Region 2004 Rutgers University analysis ¾ Provided 122,550 direct full-time equivalent jobs in region ¾ Provided total of 232,900 full time equivalents in 26 county metro region ¾ Generated $12.5 billion in wages ¾ Contributed $2 billion in state and local tax revenues ¾ Contributed $3.8 billion to in federal taxes The Educational Challenge.
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