Traffic Management Plan for New York and New Jersey
The U.S. Coast Guard has made further revisions to its Traffic Management Plan for the Port of New York/New Jersey. The 300-yard safety zone around JFK International Airport has been terminated. Also lifted is the speed restriction for power driven vessels of 100 meters or more while navigating the Ambrose Channel and Hudson River. Other security measures remain in effect.
People & Company News
D.F. International logistics service provider D.F. Young, Inc. has announced the relocation of its headquarters office from New York City to Jersey City, N.J. in the first quarter of 2001. The company is leasing 14,000 sq. ft. at 1 Journal Square in Jersey City, after operating from downtown New York for most of its 97-year history. "When this company was started in 1903, all the shipping companies and banks were located in downtown Manhattan," said Thomas Mosimann, president of D.F. Young. "But the port has moved, and most of the other forwarders have followed it to New Jersey over the last 10 to 15 years. D.F.Young already has its Marine Department located in Port Elizabeth, N.J., as well as offices across the U.S. in Jamaica, N.Y.
Port of LA is Top Gateway
The Port of Los Angeles became the top U.S. international freight gateway by shipment value in 2003, according to a soon to be released report from the U.S. Department of Transportation’s Bureau of Transportation Statistics. America’s Freight Transportation Gateways shows that Los Angeles’ water port handled $17 billion in export trade and $105 billion in imports, totaling $122 billion in business handled by the port. Los Angeles handled $10 billion more than the $112 billion in freight that moved through JFK International Airport, now the second-ranked international freight gateway in 2003. JFK held the number one position on the list of international freight gateways since 1999, but was overtaken by the Port of Los Angeles last year.
Relations Still Chilly At NY/NJ Port Authority
It may be the end of April, but there was no spring thaw at Thursday's board meeting of the Port Authority of New York and New Jersey. Port Authority commissioners had been expected to vote on a $3.9 billion capital and operating budget, which would have signaled some movement on an impasse that has held up major projects for the agency. However, Chairman Lewis M. Eisenberg said the budget had been discussed among board members, but a decision was made not to take a vote. No reason was given for the inaction. Board members have been paralyzed on the major items pending resolution of a 16-month dispute between New York Gov. George Pataki and New Jersey Gov. Christie Whitman over Port Authority revenues.
