Logistics

Choose New Jersey Announces Letter of Intent Signing Between the Port of Ashdod in Israel and NJCU

Choose New Jersey, Inc. | Press Release

(Newark, New Jersey) – During a fourth economic mission trip to Israel, Choose New Jersey announced that New Jersey City University (NJCU) and the Port of Ashdod in Israel signed a letter of intent (LOI) that will help strengthen the economic relationship between the State of New Jersey and Israel, as well as between the Port of Ashdod and the …

Peloton leads Q3 industrial deals with 840,000 sq. ft. lease in Linden, CBRE says

Joshua Burd | Real Estate NJ

Peloton Interactive has leased 840,000 square feet at a new logistics park in Linden, leading the way among tenants as the state’s industrial market continued to thrive in the third quarter. Those are among the findings of a new report by CBRE, which noted that consumer goods and third-party logistics companies dominated leasing activity in northern and central New Jersey …

United Airlines to buy 270 planes resulting in 5,000 jobs for Newark

Tom Bergeron (Newark) | ROI-NJ

United Airlines will unveil its “United Next” plan Tuesday in Newark — an initiative that will lead to the purchase of 270 new Boeing and Airbus aircraft and is expected to transform the passenger experience while significantly lowering carbon emissions. Even more, the program is expected to bring up to 5,000 union jobs to the state by 2026 — a job …

Biggest container ship to ever reach U.S. docks in Elizabeth on Thursday

ROI-NJ Staff (Elizabeth) | ROI-NJ Staff

This is why we raised the Bayonne Bridge. And deepened our navigation channels. On Thursday morning, the largest container ship to ever reach a U.S. East Coast port reached the Elizabeth-Port Authority Marine Terminal. How big is the CMA CGM Marco Polo? It’s big enough to carry 16,022, 20-foot equivalent units — or what those in the industry call TEUs. Most …

Port Authority, seeking to improve cargo operations at Newark Liberty, issues RFPs

ROI-NJ Staff (NEWARK) | ROI-NJ

The Port Authority of New York and New Jersey, responding to a sharp rise in demand for additional cargo space and services, announced Wednesday a major new initiative to expand its cargo facilities at Newark Liberty International Airport. The agency has issued a request for proposals to prequalified firms to lease, operate and maintain two of the airport’s major cargo buildings through …

Big win for Bayonne: Huge UPS center (and 1,000 jobs) coming

ROI-NJ Staff(Bayonne) | ROI-NJ

In another big win for Bayonne, a massive UPS distribution center is coming to Lincoln Logistics Bayonne, the industrial park Lincoln Equities Group is building on the site of the former Military Ocean Terminal, the city said. The facility will be just north of Port Terminal Boulevard, according to a site plan amendment submitted by Lincoln Equities. The 880,000-square-foot building would bring more than …

Why N.J.’s dreams of second Super Bowl start with World Cup

Tom Bergeron | ROI-NJ

Jim Kirkos remembers all too well the disaster that was the first and only Super Bowl played in New Jersey. It was Super Bowl XLVIII, in February 2014. Nearly all of the fan experience festivities — not to mention the economic impact — went to New York City. New Jersey only got the huge bills for security and logistics and …

$750K N.J. grant program focuses on very early stage clean tech companies

Eric Strauss | ROI-NJ

The New Jersey Commission on Science, Innovation and Technology is launching a grant program that could provide as many as 10, $75,000 grants to qualifying companies. The CSIT said in a news release that the $750,000 Clean Tech Seed Grant Program will provide grants up to $75,000 to very early stage, New Jersey-based clean technology companies, with a goal of accelerating development …

Texas firm enters N.J. market with plans to build distribution facility

ROI-NJ Staff | ROI-NJ

A Texas company has purchased an industrial site in Secaucus with plans to develop a 120,000-square-foot distribution facility, it announced this week. Xebec Realty purchased the 6.8-acre site at 330 County Ave., and intends to build a Class A industrial facility to help meet the demand for logistics space in the region. “We seized the opportunity to expand Xebec’s national presence …


Tags: Logistics

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