Hyundai Glovis seeks to expand vehicle logistics operations at Philadelphia port

Hyundai Glovis, the logistics arm of the Hyundai Motor Group, is planning to expand its vehicle logistics operations at the Port of Philadelphia in the United States. The company has signed a memorandum of understanding (MOU) with PhilaPort, the Pennsylvania port authority, and a local developer to cooperate on the port's expansion project.

This expansion includes developing new automobile and container terminals, securing a new berth dedicated to car carriers, building additional vehicle storage facilities, and extending its existing land lease at the port through 2056. With the completion of the planned expansion, Hyundai Glovis expects its operating area to increase to approximately 1.12 million square meters, with storage capacity rising to 37,600 vehicles.

The company aims to enhance its North American logistics competitiveness by integrating maritime transportation, terminal operations, vehicle storage, and inland transportation, while also expanding into heavy equipment and project cargo logistics. Hyundai Glovis sees Philadelphia as a key logistics hub on the U.S. East Coast, especially following the disruption of operations at the Port of Baltimore due to the Francis Scott Key Bridge collapse in 2024.

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