Intermodal Rail: “Extremely Important” for NJ

JERSEY CITY, NJ -- “Special Interview: The Evolution and Impact of the Tri-State Logistics Economy” was a highlight of CAPREs I-REV Summit on early December, featuring the perspective and expertise of Michael Bozza, General Manager of the N.J. Marine Terminals, The Port Authority of New York & New Jersey. The moderator, Marcus Reimann, Senior Vice-President of Seafreight North America, Kuehne + Nagel, one of the world's leading logistics companies, kicked off the session by picking up where the previous session left off – the global trade war. Reimann asked Bozza to expound on the effects he is seeing in the day to day of his job from that escalating skirmish. “It’s been interesting for us. I think those last presenters really hit the nail on the head there, we’re starting to see some shifts in production away from China. China still is our number one source of goods and services, and over 30% of all the cargo that comes in form the Port of New York and New Jersey. But it is starting to shift away,” replied Bozza. “And as that cargo shifts to places like Vietnam, Bangladesh, and India, the Suez Canal and other water routes to the East Coast become stronger, more effective options.” According to Bozza, however despite the trade war and the tariffs, he has still seen strong growth in containerized fruit. Reimann then asked about the importance of significance of the recent decision to raise…