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 developer to cooperate on port expansion and vehicle terminal operations. The agreement includes securing an additional vehicle logistics space and extending the existing site. Hyundai Glovis plans to participate in the vehicle segment of PhilaPort’s broader expansion, securing a dedicated berth for car carriers and adding terminal operations to its existing transport and storage services. Pennsylvania Gov. Josh Shapiro and state and port officials attended the expansion announcement, where Hyundai Glovis was introduced as a major private-sector partner. The event outlined plans for container and vehicle terminals and public-private cooperation. Hyundai Glovis has handled vehicle import and export