b'14American Journal ofTransportation ajot.com(REALITYcontinued from page 12)itselfaboutfuturegrowth, asreflectedinongoingand planned infrastructure invest-mentsdesignedtoincrease port capacity.Additional terminal capac-ity should come online at the port as a result of the opera-tionaltakeoverbyCMA CGMoftheGCTBayonne andGCTNewYorkcon-tainer terminals, completed on August 31, and, as of Octo-ber 12, renamed Port Liberty BayonneandPortLiberty New York. CMA CGM is tar-geting an increase in the termi-nals capacities of 80% during thenext10yearswith$600 million in investments, includ-ing the continued development ofBayonnesBerth3,which will have the capacity to handle 18,000-TEU vessels. The com-pany will also expand yard and berth capacity to improve oper- B R A T Iational fluidity at Bayonne andL E N GNew York.C EThose acquisitions increase CMACGMsterminalsin the U.S. to seven. The carrier acquired the Fenix Marine Ser- 1920-2020vices container terminal in the Port of Los Angeles in 2021. OF SE ICEWe are excited about theRVpartnership with CMA CGM, saidBozza.ItisthethirdSUCCESS STARTS WITH A WINNING TEAM!largestcarrierintheworld, andtheyaremakingsignifi-cant investments in those two facilities,whichwillresultSince our establishment in 1920, we haveWE OFFER OUR CUSTOMERS:indrivingadditionalcargobeen providing our global customers a throughthisgateway.Werepremier level of service through superiorOn-site Storage and Multi-modalalso hopeful that it will alsohandling and performance, technologicalDistribution Servicesdriveadditionalintermodaladvancements, and a perpetual eye Customer Access to 24 hour Inventory Trackingcargothroughthisgateway.on customer satisfaction. Also, we offer oneStandard Berths and Ro-Ro Ramps are availableBoth terminals are served byof the most cost effective and reliable labor thePortAuthorityExpress- Specially engineered Lifting GearRailnetwork,Bozzanoted,forces in the North Atlantic.Container Transloading from / to Rail or TruckwhichprovidesintermodalOn-site service provided by 2 Class Irail service up and down theWe have the ability to accommodate aRail CarriersEastCoast,andtoeasternvariety of automobile, breakbulk, bulk, Canada and the Midwest. container and forest products. OurEfficient Distribution to Two Thirds of the TheGCTleasesthatdistinction, is based on our ability to closelyUnited States and Canadian populations within weretransferredtoCMAcoordinate your Stevedoring, Warehousing48 - 72 Hours CGM,withPortAuthor- and Distribution Logistics. ity approval as owner of the facilities,weresettoexpire in 2030, but have now been extendedto2047.Wedid that to help facilitate the addi-tional investments that CMA CGM is planning to make, saidBozza.Aspartofthe amendedagreements,CMA CGM will pay increased rentFOR MORE INFORMATION basedoncontainerthrough- CONTACT US AT:put,subjecttoaminimum annualguarantee,andwillJH STEVEDORING, INC. sharerevenuefromexcess2147 South Columbus Blvd. container storage. Philadelphia, PA 19148In Bayonne the construc- TEL: 215-218-3060tion of a new wharf is alreadyFAX: 215-218-3078underwayandisexpectedWEB: www.jhstevedoring.comtobecompletedattheend of 2024. Upgrades to equip- PENN WAREHOUSING & DISTRIBUTION, INC. ment,includingtheacquisi- 2147 South Columbus Blvd. tionofrailmountedgantryPhiladelphia, PA 19148cranes,andexpansionofTEL: 215-218-3000facilities,andmodernizingFAX: 215-218-3043the gate complex are also inWEB: www.pennwarehousing.comthe planning stages.CMA CGM is also com-mitted to the Port Authoritys goalofachievingnet-zero greenhousegasemissions (REALITYcontinued on page 16)'