Hyundai Glovis plans Philadelphia port expansion, vehicle terminal operations
Hyundai Glovis plans to extend its dedicated site agreement at the Port of Philadelphia through 2056 and enter the vehicle terminal operations business, expanding its role at the key logistics hub on the east coast of the United States. The Korean company said Monday that it had signed a memorandum of understanding with the Philadelphia Regional Port Authority, known as PhilaPort, and a local…
Hyundai Glovis has announced plans to expand its operations at the Port of Philadelphia by extending its dedicated site agreement through 2056 and entering the vehicle terminal operations business. The company signed a memorandum of understanding with the Philadelphia Regional Port Authority (PhilaPort) and a local developer to cooperate on port expansion and vehicle terminal operations.
Hyundai Glovis will secure an additional vehicle logistics space and extend the existing site, participating in PhilaPort's broader expansion. The company will secure a dedicated berth for car carriers and add terminal operations to its existing transport and storage services. The announcement was made by Pennsylvania Gov. Josh Shapiro and state and port officials, highlighting Hyundai Glovis as a major private-sector partner in the project.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
