Philadelphia port acquires yard from Norfolk Southern

The Port of Philadelphia last week acquired the Mustin Yard property from Norfolk Southern Corp. 

Located adjacent to the port’s SouthPort Marine Terminal, the 152-acre yard represents the last available land at the nexus of deep water, rail and highway access, port officials said in a press release.

The port acquired the property through a $90 million agreement, the Philadelphia Business Journal reported.

Originally part of the former Philadelphia Navy Yard, the site has long been viewed as a critical asset for the port’s future growth. The acquisition marks a milestone in a long-term development strategy and aligns with a recently released strategic plan, port officials said.

The site includes a fully developed intermodal transfer facility, which NS and the port are committed to activating with operational capabilities. The move will enhance logistics reach for port users and local shippers, further integrating maritime and freight-rail systems to support regional and national supply chains, port and NS officials said.

“The opportunity ... reflects our strategy to thoughtfully leverage our land assets to strengthen partnerships with freight-centric ports, enhance intermodal connectivity to global destinations, and drive collective growth," said Cliff Garner, NS's assistant vice president of real estate and facility services. "We look forward to continuing to work with [the port] to expand supply chain infrastructure and deliver long-term economic value to the region.”