Cushman & Wakefield’s Logistics & Industrial team released its 2019 North American Ports Outlook, a report that examines port growth and trends to watch. While there is no shortage of commentary celebrating the fact that the logistics and industrial sector is evolving at an unprecedented pace, this report includes a specific overview of the Port of New York and New Jersey.
Trends to watch in the New York and New Jersey area include constructing a new intermodal rail facility for Global Container Terminal—Bayonne. The project will improve the flow of goods to and from the Port of New York and New Jersey in accordance with the lease agreement with Global Container Terminals Bayonne LP. The project also includes the full redevelopment of Greenville Yard A, which supports both the Global Container Terminal and New York-New Jersey Rail (NYNJR) operations.
Completion of the first lead track to the ICTF occurred in 2018 with the full project completion set for 2020.
Upgrades at Howland Hook Marine terminal are expected to include the excavation and replacement of approximately six acres of pavement subgrade that will restore the port container operation for full utilization of the leased area.
Installation of support tracks in Greenville Yard is expected to be completed in 2020 and will support NYNJR carfloat. Eight of the 13 tracks are currently in service with full project completion slated for next year.
Lastly, C&W’s report indicated the completion of the Bayonne Bridge has raised the existing air draft clearance and included replacement of the existing main span deck, the New York and New Jersey approach structures and access ramps. The navigational clearance allows larger and more efficient ships to access the Port of New York and New Jersey was achieved in 2017 and the remaining traffic lanes, bike path and pedestrian walkway will open by the end of 2019.