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PhilaPort Special May 2021

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Page 12 of 39 Midwest markets," Holt said. As the pandemic continues to ease, "ocean lines are exploring new service options," Mahoney said. "We have the deeper water, super-post-Panamax cranes and other infrastructure, and we do not suffer the congestion issues seen in larger ports." In addition to the $450 million channel deepening project, which deepened the Delaware River's main channel from 40 feet to 45 feet, "the hundreds of millions in roads and rail improvements, private sector investments, and Philadelphia area capital commitments to port-related infrastructure are over $1 billion," Mahoney said. He added that including port-related investments elsewhere on the Delaware River would raise that number to $2 billion. The deeper channel, which in turn can accommodate larger vessels, is expected to propel PhilaPort's annual container volumes to nearly 1 million TEU. At the same time, development at PhilaPort isn't slowing down. Projects on the port's agenda include a new marine terminal berth at Southport; port access road improvements in South Philadelphia; rail yard development; and land acquisition in South Philadelphia. PhilaPort's new 100,000-square- foot warehouse at its Tioga Marine Terminal provides for critical linkage to cargo movement via rail services adjacent to and within the warehouse. PhilaPort A SPECIAL ADVERTISING SUPPLEMENT OF THE JOURNAL OF COMMERCE May 24 2021 | 13 PHILADELPHIA TRADE & LOGISTICS The Manfredi Companies Times Two Construction of Manfredi Cold Storage & Distribution New Jersey is underway!! Our newest location will feature the same great service and is located in Oldmans Township New Jersey just south of the Commodore Barry Bridge on Route US 130. This is the rst phase of a planned and approved 600,000 square foot facility on 52 acres with rail access. Opening Summer 2021 Contact Frank Manfredi at 610-444-5832 or The Manfredi Companies • 290 Chambers Road • Toughkenamon, PA 19374 & 243 US Highway 130 • Pedricktown, NJ 08067

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