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Business Brokerage More commuters are using the Hudson River crossings from New Jersey to Manhattan between 5 and 6 a.m., taking advantage of the Port Authority's reduced off-peak toll program, officials said yesterday.

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Forex Broker The Port Authority of New York and New Jersey, which operates the tunnels and George Washington Bridge, instituted a "congestion-pricing" plan in March 2001, when it hiked the crossings cost from $4 to $6 to increase revenues for the agency's infrastructure program. Discounts, however, were instituted for using E-ZPass at all hours with deeper reductions at off-peak times.

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Online Brokerage In a presentation to board members, Kenneth Philmus, an agency director who oversees tunnels and bridges, said it has been successful, reducing congestion during the 6 to 10 a.m. rush hours. At one point, 18 percent more cars were traveling from 5 to 6 a.m., but Philmus said that number has dropped over the past year as the economic downturn has lowered the overall number of vehicles using the crossings.

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Real Estate Broker Since 9/11, however, there has been a ban on eastbound single-driver vehicles from 6 to 10 a.m. at the Holland Tunnel.

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Agency Brokerage Spark Port Authority officials expect the hours of regional traffic delays to increase 60 percent by 2020 if significant improvements in areas like off-peak travel and E-ZPass usage are not made.

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Business Broker "This situation will impact the economic competitiveness and quality of life in the New York/New Jersey region, while also contributing to concerns of air quality," warned Philmus.

Brokerage Account For autos, the Port Authority charges $4 for off-peak E-ZPass users and $5 for peak-time E-ZPass users. Trucks using E-ZPass get the same rates per axle, except for overnight hours when the toll is lowered to $3.50 per axle. Autos and trucks using cash pay $6 at all times. Carpools with more than three passengers pay $1 per trip.

Stock Broker Philmus said he is pleased that there has been an 8 percent increase in E-ZPass users, but he expressed concern that there has been a 7 percent decline in the overall number of trucks using the crossings since 2000. Trucks constitute 21 percent of the bridge and toll revenues, he explained.

Brokerage Online Stock Trading The number of autos heading eastbound was 86.3 million in the first nine months of 2000 and 84.3 million in the same period this year, according to Port Authority figures. Truck usage has dropped over the same time from 6.5 million to 5.9 million.

Broker Justin Ticket By Ron Marsico
Star-Ledger - 10/24/2003

Topic: Transportation

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