The Port Authority of New York and New Jersey has completed a five year investment in rail capacity that should increase rail shipments from the port by 40.0% compared to the level seen in the 12 months to Nov. 30. That should help address rising congestion issues arising from waterside investments that have driven a 6.8% rise in containerized freight handling in the 12 months to Nov. 30 compared to a year earlier. Imports, which accounted for 71.0% of port throughput, will benefit in particular. Consignees located more than 200 miles away from the port accounted for 69.7% of imports in ...