EDISON, NJ — Keeping goods and people moving through the Garden State and the trends influencing the state’s corporate site selection process were the focus of NAIOP New Jersey’s 2019 Transportation & Logistics Update. The latest installment of the commercial real estate development association’s “Building a Better NJ” series, held at the Carpenters Apprentice Training Center in Edison, addressed “hot button” issues including trucking industry challenges, last-mile mobility trends, and NJ Transit's asset development plans, as well as the timing and expectations of the Gateway Project.
Back to Basics at NJ Transit
“When transit works well, it benefits commercial real estate,” said keynote speaker Kevin Corbett, president and CEO of NJ Transit. He listed the challenges he faced walking into the organization, including a shortage of locomotive engineers, ancient rail cars and buses, and 12% implementation of the federally mandated Positive Train Control system.