Philadelphia buys land to develop air cargo facility at airport
“Philadelphia will move forward with plans to build an air cargo facility in the coming years with the purchase of another parcel near the large tract it acquired at the start of 2018. The 15-acre purchase, currently under review by City Council, adds to the 135-acre Henderson tract Philadelphia bought for $54.5 million in January.”
The cargo facility is expected to be operational in about three years. The acquisition of land is not only for the cargo facility but also provides airfield and highway access to cargo and logistics companies.
Philadephia accounts for 9 percent of regional air cargo transport demand and is hoping to gain a greater share. New York, Baltimore, Newark, and Washington D.C. hold most of the air cargo transport market.