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May 28 2018

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88 The Journal of Commerce | May 28 2018 SPECIAL ADVERTISING SECTION OF THE JOURNAL OF COMMERCE PHILADELPHIA LOGISTICS cranes, one purchased by PhilaPort and the other by Holt Logistics' terminal operation subsidiary Greenwich Terminals. Scheduled to be operational by early summer, the gantries will facilitate the retrofitting of three existing PAMT cranes to handle larger vessels as well. Combined purchase price for the two units was $23.5 million. Ultimately, they're expected to help double annual container volumes. PhilaPort advised that ocean carriers are already scheduling ultra-large-container vessels, with ships in the 11,000-TEU to 12,000-TEU range currently calling. Berths have been deepened and cranes electrified to facilitate megaship operations. Even during construction, operational initiatives have been implemented that have actually reduced gate times, the port reported. Volume numbers reflect PhilaPort's momentum. Containers handled rose 80,000 TEU to 545,000, marking a new port record. This represented a 19 percent increase, making Philadelphia the fastest-growing containerport on the Atlantic seaboard last year. In project cargo volumes, high, wide, and heavy freight was up 12 percent. Nearly 165,000 automobiles — the highest number ever received by Philadelphia in a given year — represented a 19 percent increase over 2016. The value of oil products jumped a whopping 210 percent. On the breakbulk front, semi-finished iron and non- alloy steel products rose nearly 100 percent. Overall, the port handled some 6.9 million metric tons of freight in 2017, up from 6.2 million in 2016. Philadelphia-area Dependable Distribution Services had its best year ever in 2017, company President Harvey Weiner noted. "I think the term 'strategic location' is overused, since every port in the Northeast can make the same claim; lack of congestion is what edges Philadelphia ahead," he said. Located within 100 miles of 80 percent of the cocoa grind in the country, expedited port handling and warehouse services enabled DDS's record handling of some 215,000 tons of beans. With the value of commodities such as cocoa beans continuing to rise, indicators suggest the port will continue to dominate in perishables. Ari Weiner/DDS

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