The Port Authority of New York and New Jersey confirmed a report that it is "considering all options for the future of ExpressRail, including its future privatization." ExpressRail is the port's on-dock rail facility.
of Newark, N.J., reported earlier this week that "Port Authority Executive Director Patrick Foye began seriously
considering offers from would-be operators who believed they could run
the rail system at a profit" last week after Gov. Chris Christie signed a bill that would prevent the Port Authority from collecting a cargo fee that it uses to offset the cost of improvements to road and rail infrastructure in the port, as well as security expenses. That law will only take effect if similar legislation is enacted in New York State.
The on-dock rail facility is operated by Millennium Rail, a joint venture of APM Terminals North America and Maher Terminals, under a contract that expires in August.
The Port Authority has invested $600 million in all ExpressRail facilities, which include facilities in Newark and Elizabeth, N.J., as well as on Staten Island, N.Y., adjacent to the New York Container Terminal. The port also has plans to build an on-dock rail terminal in Jersey City, adjacent to the Global Container Terminal.
On-Dock rail volumes have grown from 232,867 containers in 2003 to 433,481 in 2012.