Wolf Administration Commends Terminal Operator, Maritime Corporation for bringing Jobs and Cargo to Port of Philadelphia

Wolf Administration Commends Terminal Operator, Maritime Corporation for
bringing Jobs and Cargo to Port of Philadelphia

3/31/2017-HARRISBURG

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.

View a high-resolution photo of Sols container vessel MV Stadt Gera
delivering
import melons to Penn Terminals here.

View a high-resolution photo of discharge pipeline pipe at Penn Terminals
here.

View a high-resolution photo of container handling equipment at Penn
Terminals
here.

MEDIA CONTACTS: J.J. Abbott, Governor's Office, 717.783.1116
Erin Waters-Trasatt, PennDOT, 717.783.8800

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