ny waterway

NY Waterway is a private ferry system that provides commuter service and tourist excursions in New York Harbor, with service between several points in Manhattan and New Jersey, including Hoboken Terminal. It was founded in 1986 by Arthur E. Imperatore. Since then, NY Waterway has carried over 65 million passengers. NY Waterway claims to have the largest ferry and excursion fleet in the harbor.

Although all NY Waterway service appears to be a single entity, it operates some services for the BillyBey Ferry Company and the Metropolitan Transportation Authority. Contents [hide] 1 Effects on ridership due to the September 11, 2001 attacks 2 Routes 2.1 NY Waterway Routes 2.2 BillyBey Ferry Company Routes 2.3 Metropolitan Transportation Authority Routes 3 References 4 External links //

Effects on ridership due to the September 11, 2001 attacks

The September 11, 2001 attacks on the World Trade Center destroyed the PATH terminal located there, greatly reducing cross-Hudson River passenger capacity. To compensate, NY Waterway service was greatly expanded, adding new routes and increasing the frequency of service. To provide for this expanded service, NY Waterway needed to borrow heavily to fund the acquisition of additional vessels.

After PATH service was restored to downtown New York, NY Waterway suffered a tremendous decline in ridership that forced the company to near bankruptcy, as it was unable to reduce its fixed costs including the debt payments on the recently acquired vessels. By December 2004, there was deep concern that there would be a total shutdown of the service, disrupting the commutes of 30,000 daily riders.[1]

The shutdown was averted when another company, BillyBey Ferry Company, founded by Manhattan lawyer William B. Wachtel, which had never before operated ferry services, agreed to take over almost half of NY Waterway's services. Other New York Harbor ferry and cruise operators were concerned that the Port Authority approved the transfer without opening the process up for bidding.[2] The Peter R Weiss at the Wall Street Ferry Pier

Routes

NY Waterway and the BillyBey Ferry Company serve three ferry destinations in Manhattan with each being connected to several destinations in New Jersey in addition to two Metropolitan Transportation Authority routes operated by NY Waterway serving Upstate New York connecting Orange County and Rockland County with the Metro-North Railroad's Hudson Line to New York City:

NY Waterway Routes From the Midtown Terminal at West 39th Street and the West Side Highway to: Belford/Harbor Way Edgewater Landing Hoboken/14th Street Lincoln Harbor, Weehawken for residents and visitors