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August 28 2023

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SPECIAL ADVERTISING SECTION 42 Journal of Commerce | August 28, 2023 NEW YORK–NEW JERSEY TRADE AND LOGISTICS AS THE LARGEST port on the US East Coast, the Port of New York and New Jersey is the premier gateway with facilities and options to move your cargo quickly, cost-efficiently and in an environmentally sustainable way. We enable access to a large and concentrated consumer market, reaching 46.3 million people within a four- hour drive, and many more in key inland markets through our direct connections to major interstate highways and two Class I railroads. A global gateway From our terminals, rails and roads, the port efficiently delivers goods to local and inland consumers and businesses, reaching 134 million people within 36 hours by rail or truck, as well as US-produced exports to the world's buyers. The Port of New York and New Jersey is the first call for more than 75% of arriving vessels, which means their cargo is often delivered by rail to inland destinations before the vessels arrive at the next US port. More than containers Our six container terminals welcome the world's biggest ships, and our ExpressRail network's rail lift capacity is the largest on the US East Coast. Port facilities also include three auto terminals, two cruise terminals, cross harbor rail and barges, and access to more than 1 billion square feet of industrial space within 50 miles. We serve container shipping, automobile processing, bulk and breakbulk cargo, warehousing and distribution, cruise passengers, intermodal, refrigerated cargo, foreign-trade zone activities, and maritime support industries. Growing and improving With the support and collaborative efforts of port partners and the Council on Port Performance, we remain steadfast in our commitment to deliver cargo efficiently and reliably. The port was the second busiest in the nation for the first half of 2023, moving 3.7 million TEUs. These volumes represent a 2.4% increase compared with pre-pandemic levels in 2019. With the assistance of federal and state grants, the port is advancing infrastructure projects to create more efficient road and rail networks and collaborating with the US Army Corps of Engineers on plans to deepen our channels to -55 feet mean low water, allowing the port A gateway for global trade ports and terminal product. "I think we allowed collaboration between many different stakeholders that have different interests," he said. "And I think what our software allows you to do is … tie those stakeholders together in a way that's still benefiting them, but providing this visibility that everybody needs to kind of see where things are, to accurately be able to bill for things, which became a big problem that bubbled up into national media as well, and to actually control the flow a little bit." The company's appointment system offering, for example, allows customers to schedule trucks for container pickup and plan resources around the pickup, Sidoti said. "Terminals don't make money having containers sit there for a long period of time ... they need that space," he said. "That space is what's valuable to them and they need that out of there. And a trucker doesn't want to spend eight hours coming to get a container that has to be dug seven or eight rows out while they wait and miss half a day's pay." Bethann Rooney, port director of the Port Authority of New York and New Jersey, recalled meeting with terminal operators every Friday for over a year to identify ways to add more capacity and improve fluidity. "One of the things that makes this job and this port so incredible is the people," Rooney said. "From the leadership of organizations that are a part of the Port of New York and New Jersey to unionized labor and administrative support staff across the gamut of our supply chain partners, folks who work together for the good of the whole and support each other as a gateway." And while the region's terminal operators might be competitors, they recognize that if one is not performing well, it reflects on the NY–NJ gateway. "They work hard and carry their own weight, so the camaraderie, the cooperation, the collaboration and the true partnerships among the people that make the Port of New York and New Jersey what it is make this job such a joy," said Rooney. Those strong relationships can't be understated, Sidoti said. "In my personal experience, I was amazed to see how well labor and terminal operators at the Port Authority work together, and I think that's sort of the secret sauce to success," he said. Now, after years of unprecedented growth, the Port of New York and New Jersey — similar to other ports in the country — is seeing its year-over-year cargo numbers soften as consumers shift their spending habits post- pandemic and warehouses continue to bloat with extra inventory. Through the end of June, for example, container volumes at NY-NJ were down 23%, similar to what many major ports are currently experiencing, Rooney said. Rooney said she expects 2023 to end a "The collaboration and the true partnerships among the people that make the Port of New York and New Jersey what it is make this job such a joy."

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