Philadelphia, PA — PhilaPort recently announced that it has acquired the Mustin Yard Property from Norfolk Southern Corporation.
Located adjacent to PhilaPort’s SouthPort Marine Terminal, the 152-acre Mustin Yard represents the last available land at the nexus of deep water, rail, and highway access.
Originally part of the former Philadelphia Navy Yard, the site has long been viewed as a critical asset for the Port’s future growth.
This acquisition marks a major milestone in PhilaPort’s long-term development strategy and aligns with the recently released PhilaPort Strategic Plan: Destination 2040.
The acquisition of Mustin Yard will allow PhilaPort to significantly expand its cargo handling capacity, attract new business, and create family-sustaining jobs across the region. After setting records in both container volumes and new automobile imports in 2024, PhilaPort is poised for its next phase of growth.
The site includes a fully developed intermodal transfer facility, which Norfolk Southern and PhilaPort are committed to activating with operational capabilities. This will enhance logistics reach for port users and local shippers, further integrating maritime and rail freight systems to support regional and national supply chains.
PhilaPort and Norfolk Southern finalized the transaction on September 30th.
About PhilaPort: The Port of Philadelphia (PhilaPort), is an independent agency of the Commonwealth of Pennsylvania charged with the management, maintenance, marketing, and promotion of port facilities along the Delaware River in Pennsylvania, as well as strategic planning throughout the port district. PhilaPort works with its terminal operators to improve its facilities and to market those facilities to prospective port users around the world. Port cargoes and the activities they generate are responsible for thousands of direct and indirect jobs in the Philadelphia area and throughout Pennsylvania.