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5/28/2010
Rail News: Passenger Rail
New York, New Jersey port authority posts mixed results in Q1
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The Port Authority of New York and New Jersey registered mixed results for the first quarter: Port Authority Trans-Hudson (PATH) ridership dropped, but cargo volume at the agency’s seaports rose.
PATH ridership totaled 17.1 million, down 1.9 percent compared with first-quarter 2009's count. Loaded containers, as measured in 20-foot equivalent units (TEUs), increased 9.6 percent. Imports jumped 9.8 percent while exports climbed 9.6 percent. The gains follow a significant decline in 2009, when cargo dropped 12.7 percent.
The port authority’s fiscal condition remains sound due to numerous cost-containment efforts, officials said in a prepared statement.
PATH ridership totaled 17.1 million, down 1.9 percent compared with first-quarter 2009's count. Loaded containers, as measured in 20-foot equivalent units (TEUs), increased 9.6 percent. Imports jumped 9.8 percent while exports climbed 9.6 percent. The gains follow a significant decline in 2009, when cargo dropped 12.7 percent.
The port authority’s fiscal condition remains sound due to numerous cost-containment efforts, officials said in a prepared statement.
