The PRR referred to the location simply as "Jersey City," and if necessary to distinguish it from other railroads' terminals, as the Pennsylvania station.

These railroads both used terminals in Jersey City, there being no tunnels or bridges to Manhattan, and for much of the 19th century, Exchange Place was one of the busiest rail stations in the world.

[9] The Lehigh Valley Railroad, which had operated its Black Diamond train from Buffalo, New York since 1896, ended service to Exchange Place in 1913.

[11][12] The PATH continues to use the line through Bergen Hill to the Journal Square Transportation Center and onward to Newark Penn Station.

[14] The former terminal complex is now split between the PATH system's Exchange Place station and the Harborside Financial Center, while the ferry slips have been replaced with J. Owen Grundy Waterfront Park.

The trestle carrying PRR tracks above what is now Christopher Columbus Drive between Exchange Place and Waldo Yard was removed.