I worked at Brown's Yard in the early to mid 90's. There were 3 active customers on the NY&LB back then. Anchor Glass in Cliffwood, there was a customer just east of Lloyd Road that got boxcars of wood pulp and made paper plates, and Builders' General in Little Silver. The Asbury Park Press received up to two boxcars at a time on the Southern Secondary using the Standard Roofing Siding in Tinton Falls near Pine Brook Road.
My memory is failing a bit, but the last freight for customers on the NY&LB was late 1996 or very early 1997. Anchor closed in 96, followed by the paper plate plant, which was due to horrible track. Finally, Conrail and Builders' cut a deal to ship the lumber for Little Silver and Toms River to it's Freehold location.