Hyundai Glovis Joins Philadelphia Port Expansion to Strengthen East Coast Logistics Hub

MOU with port authority and local developer on expansion project
Plans to extend dedicated site contract through 2056
Vehicle storage capacity expected to increase to 37,600 units

Hyundai Glovis is taking part in a port expansion project in Philadelphia, strengthening its logistics hub on the U.S. East Coast. The company plans to add new sites and operate dedicated berths for car carriers to its existing finished-vehicle logistics business, while expanding into terminal operations.

Hyundai Glovis said on October 19 that it had recently signed a memorandum of understanding (MOU) with the Philadelphia Regional Port Authority (PhilaPort) in Pennsylvania and a local developer to cooperate on port expansion and the operation of a finished-vehicle terminal.

At an event held on the 13th to announce the expansion of the Port of Philadelphia in the United States, (from second left) Scott Cornell, CEO of Glovis America; Pennsylvania Gov. Josh Shapiro; and Philadelphia Mayor Cherelle Parker pose for a commemorative photo. Hyundai Glovis.

PhilaPort is pursuing a development project to expand its container and finished-vehicle terminals. Hyundai Glovis will participate as a partner in the finished-vehicle segment, securing berths dedicated to car carriers and pursuing entry into terminal operations. The agreement also provides for securing new sites for finished-vehicle logistics and extending the contract for its existing dedicated site through 2056.

Pennsylvania Governor Josh Shapiro and state government and port authority officials attended an event announcing the port expansion project on October 13. Plans to expand the container and finished-vehicle terminals and directions for public-private cooperation were unveiled at the event, where Hyundai Glovis was introduced as a key private-sector partner.

Hyundai Glovis has operated finished-vehicle import and export logistics at the Port of Philadelphia since 2010. In 2019, it expanded its local business base by opening Southport, a dedicated finished-vehicle yard spanning about 640,000 square meters. The port currently has about 1 million square meters of space for finished-vehicle logistics, with capacity to store about 33,600 vehicles. Once development of the new site is complete, the operating area is expected to grow to about 1.12 million square meters, and vehicle storage capacity to 37,600.

The Port of Philadelphia has served as a key logistics hub for Hyundai Glovis on the U.S. East Coast and has also helped secure supply chain stability. In 2024, when operations at the Port of Baltimore were suspended following the collapse of the Francis Scott Key Bridge in Maryland, the company continued vehicle logistics by using the Port of Philadelphia as an alternative hub. Hyundai Glovis aims to increase its logistics handling capacity and strengthen its supply chain resilience in the eastern region through this development partnership.

The scope of its business will also expand. By adding car-carrier terminal operations to its existing finished-vehicle transportation and storage business, Hyundai Glovis plans to strengthen its end-to-end (E2E) integrated logistics services, spanning ocean transport, cargo handling, storage, and inland transportation. The company also plans to diversify into logistics for high-and-heavy cargo, including commercial vehicles and construction machinery, and for engineering, procurement and construction (EPC) projects, while expanding its business on transatlantic routes.

A Hyundai Glovis representative said, "We plan to develop Philadelphia into a key hub for the U.S. East Coast logistics supply chain. We will provide our customers with more stable and efficient integrated logistics services."

This content was produced with the assistance of AI translation services.