PhilaPort now fastest growing port on U.S. East Coast
Topics: PHILAPORT U.S.
This placed The Port of Philadelphia as the fastest growing container port on the U.S. East Coast.
These impressive cargo levels continue a decade-long trend of prosperity for the Port, which has realized 10% compound annual growth.
The worldwide COVID pandemic has created unprecedented difficulties for global supply chains. However, certain market sectors, such as perishables and forest products, have surged.
Additionally, PhilaPort saw a five-year historic high in forest product cargoes. For 2020, the Port was up 14%, and for the month of December the Port saw an increase of 61% vs. December 2019. For breakbulk alone, PhilaPort terminals handled 928,000 tons. Containerized forest products were estimated to be 20,000 units. ■