Hyundai Glovis signs deal to enlarge Philadelphia port hub and add terminal services

Hyundai Glovis signed an MOU with the Philadelphia Regional Port Authority and a local developer to broaden its vehicle-logistics operations at the Port of Philadelphia. The agreement provides for new vehicle-handling facilities, dedicated berths for car carriers and an extension of the company's lease on the site until 2056. Recognised as a key private-sector partner at an Oct. 13 event with Governor Josh Shapiro, Hyundai Glovis will also assume terminal-operation duties as part of PhilaPort’s wider expansion.

The firm, present at the port since 2010 and operator of a 640,000-square-metre Southport yard opened in 2019, will increase its total logistics footprint to roughly 1.13 million square metres, raising vehicle capacity to 37,600. The move follows the 2024 Baltimore bridge collapse, which highlighted Philadelphia as a strategic alternative. Hyundai Glovis aims to integrate ocean shipping, terminal handling, storage and inland transport while adding commercial vehicles, construction equipment and project cargo, and pursuing transatlantic shipping routes.