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Potential East Coast Dockworkers Strike Looms, Threatening Supply Chain Disruptions

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the staff of the Ridgewood blog

Port Newark NJ, as tensions rise between the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX), the East Coast faces a potential shutdown of major ports. The ILA, representing about 85,000 dockworkers, cut off contract talks in June after automation was introduced at the Port of Mobile, Alabama, which they claim violates the current contract. With the expiration of the existing contract fast approaching, a strike could begin as early as Tuesday.

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Tri-state Airports See Surge in Passenger Volume

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the staff of the Ridgewood blog

Newark NJ, The Port Authority of New York and New Jersey today announced its commercial airports continued seeing a surge in passenger volume, recording the busiest first four months of the year ever. The milestone was capped by the second-busiest busiest April of all time. Likewise, the Port of New York and New Jersey recorded its fifth consecutive month of year-over-year growth, surpassing 700,000 TEUs (twenty-foot equivalent units) in April. Traffic volume at bridges and tunnels maintained a robust pace, while passenger volume at the PATH commuter rail continued to grow above 2023 levels, holding steady at roughly 70 percent or pre-COVID ridership.

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NJ’s industrial space in high demand in first quarter

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APRIL 16, 2015    LAST UPDATED: THURSDAY, APRIL 16, 2015, 1:21 AM
BY KATHLEEN LYNN
STAFF WRITER |
THE RECORD

* Bergen, Passaic benefit, aided by rise in port activity and need for warehouses

Spurred by increased activity at the port, industrial space remains in high demand in New Jersey, with a vacancy rate of 8 percent in the first quarter, according to a new report from the commercial real estate firm Cushman & Wakefield in East Rutherford.

Space is even tighter in Bergen County, with a 7 percent vacancy rate in the first quarter, down from 8.3 percent in the first quarter of 2014, and Passaic, with a 5 percent rate, down from 7 percent.

The growing demand for industrial space reflects a 7 percent rise in activity at the Port of New York and New Jersey, which has increased the need for warehouse and distribution sites in the state, according to Ron Lo Russo, president of Cushman & Wakefield’s tri-state region.

“As both online retail sales and manufacturing are expected to trend higher, the New Jersey industrial market is earning a position as one of the healthiest markets in the nation,” Lo Russo said in a statement.

A rise in e-commerce has led to more demand for warehouse space in this densely populated region, as online retailers aim for quick deliveries to their customers.

https://www.northjersey.com/news/business/demand-for-n-j-industrial-space-growing-1.1310550