Logistics

$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

Governor Murphy Announces $190 Million in Major Renovations at Newark Penn Station

Governor's Office | Press Release

$30 Million Upgrade Will Begin Immediately NEWARK – Governor Phil Murphy today announced a commitment of $190 million for renovations and upgrades at historic Newark Penn Station. The Governor was joined at an event announcing the renovations by Lieutenant Governor Sheila Oliver, Newark Mayor Ras J. Baraka, NJ TRANSIT President & CEO Kevin S. Corbett, Senator Teresa Ruiz, Assemblywoman Eliana …

Fidelco, Elberon to build 140K sq. ft. freezer warehouse for FreezPak on Elizabeth/Newark border

Tom Bergeron | ROI-NJ

In what only can be considered a big win for both Elizabeth and Newark — as well as the still-booming industrial sector in the state — Fidelco Realty Group, Elberon Development Group and FreezPak Logistics announced Monday morning that they are breaking ground on a 140,000-square-foot, state-of-the-art freezer warehouse facility on the Elizabeth/Newark border. The project, which will be co-developed by Fidelco and Elberon, …

E-commerce user expands by 103,000 sq. ft. at Pennsauken warehouse

Joshua Burd | Real Estate NJ

An e-commerce user is expanding at a Pennsauken warehouse just months after taking occupancy at the property, according to Binswanger Commercial Real Estate Services. The brokerage firm announced Thursday that Utopia Fulfillment is adding 103,275 square feet at 8600 River Road, bringing its total footprint there to 223,275 square feet. The lease restructuring with Velocity Venture Partners comes after the …

Mercer County company makes inroads with its drones at three Atlantic County locations

Vincent Jackson | The Press of Altantic City

EGG HARBOR TOWNSHIP — Matt DeNafo has enough work to do to fill up his time month after month as the vice president of centralized maintenance and asset management at the Atlantic County Utilities Authority. One of the things that was necessary, but low on DeNafo’s list of priorities, was checking how extensive the vegetation is on top of the …

More supersized container ships choose Jersey’s port over California

Larry Higgs | NJ.com

New Jersey and New York ports love big boats and they cannot lie. And by the increased number of ultra-large container ships that came to the port last year, supersized ships might love bringing goods to the port. In 2016, only 34 ultra-large container ships came to the Port. That number jumped to 271 of the mammoth ships last year, …


Tags: Logistics

Port of New York & New Jersey Welcomes Largest Container Ship to Call on U.S. East Coast

Metropolitan Airport News

On Saturday, Sept. 12, The Port Authority of New York and New Jersey will welcome the CMA CGM Brazil, a new ultra-large container vessel with a maximum capacity of 15,072 twenty-foot equivalent units (TEU), to the Elizabeth-Port Authority Marine Terminal (EPAMT) as the largest container ship ever to call at any U.S. East Coast port. The arrival of the CMA …


Tags: Logistics

Port of NY & NJ Becomes Country’s Second Largest Container Port

New Jersey Business

A new economic impact study released today by the New York Shipping Association reveals that the port industry of New York and New Jersey accounted for nearly $12 billion in tax revenue, supported over 500,000 jobs, and was responsible for $36.1 billion in personal and $99.5 billion in business income in the region in 2019. Supported by nearly $2.9 billion …

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