Wolf Administration Commends Terminal Operator, Maritime Corporation for bringing Jobs and Cargo to Port of Philadelphia
March 31, 2017
Harrisburg, PA – Today, Governor Tom Wolf and PennDOT Secretary Leslie S. Richards toured Penn Terminals, Inc. in Eddystone to acknowledge the recent investment of state funds and commend Penn Terminals and Crowley Maritime Corporation for bringing more than 500 jobs and weekly container service to the ports of Greater Philadelphia, which will inject millions in the local economy.
“I’m thrilled that we’re bringing even more activity and good-paying jobs into the region through this state and private partnership,” Governor Wolf said. “The port’s strategic location and our track record of making serious transportation investments has again paid dividends for Pennsylvanians.”
Crowley and Penn Terminals recently announced the multi-year Stevedoring and Terminal Service Agreement, through which Crowley will transfer their weekly Puerto Rico container service from New Jersey to Philadelphia in January 2018. More than 500 employees will be added to the port, with others expected to be added off the port.
The move is expected to generate more than $23 million annually in salaries, with tax revenue estimated at another $9 million.
“We are honored to have the partnership of the commonwealth and Crowley as we begin this exciting opportunity,” said Penn Terminals CEO John Brennan. “We look forward to a long-term relationship that will support growth at Crowley, the terminal and the region alike.”
The relocation was made possible in part due to a $17 million capital investment in terminal infrastructure from Penn Terminals, in addition to state funds. The Pennsylvania Department of Transportation has committed a $3 million grant from port funds in the Multimodal Transportation Fund.
“Pennsylvania’s role in goods movement is significant, and we’re committed to continuing to grow business at our ports,” PennDOT Secretary Leslie S. Richards said. “This is one more example of how we’re improving regional economies by developing transportation assets.”
Also, Crowley will participate in the department’s Intermodal Cargo Growth Incentive Program, which awards $25 per container lift above previously reported lift totals as well as for new containerized cargo shipping services. The program commits up to $1 million annually through 2019 to encourage ocean carriers to transport more to and from the Port of Philadelphia and was made possible by Act 89, the state transportation plan.
“We are very pleased to find a new home for our operations at Penn Terminal,” said John Hourihan, Crowley senior vice president and general manager, Puerto Rico services. “The Penn Terminal management team has been very accommodating and understanding of our needs. We look forward to a long-term, mutually-beneficial relationship. Additionally, this new contract further illustrates our commitment to the Puerto Rico market and to our customers who find value in utilizing our portfolio of supply chain solutions out of the Northeast.”
Since the cargo incentive program began in 2015, roughly $2 million has been distributed to six companies. Of the carriers participating in the program, container volumes have increased 32 percent.
Learn more about Act 89 and its Multimodal Transportation Fund at www.penndot.gov.