Hatch celebrates PhilaPort's strategic plan: Destination 2040

Philadelphia, PA – Hatch is proud to announce the unveiling of the PhilaPort Strategic Plan: Destination 2040 (PSP), a comprehensive roadmap that charts the course for the Port’s future over the next 15 years. This milestone marks the culmination of more than two years of dedicated work and collaboration with the Philadelphia Regional Port Authority (PhilaPort).

The PSP is designed to guide the Port’s infrastructure development, ensuring growth, sustainability, and prosperity for the Commonwealth of Pennsylvania and the surrounding region. It supports PhilaPort's annual capital planning process and includes thorough analyses, stakeholder engagement, and criteria-driven development. Hatch assessed the current infrastructure, commercial environment, operations, and plans. The PSP also determined market opportunities, evaluated terminal, road, and rail capacities, and refined the final development plan for growth. 

PhilaPort has experienced intensified competition and steady growth in cargo volumes over the past decade, with a CAGR of 8%. As cargo volumes continue to increase, the Port must build the necessary capacity to accommodate future growth. Recognizing the need for a systematic framework for decision-making, PhilaPort engaged Hatch to assist in developing this guide. 

"The global trade and logistics arena is ever-changing, demanding that we be visionary in our approach to planning for the future," said Jeff Theobald, executive director and CEO of PhilaPort. "The strategic plan features the key projects and initiatives that we must undertake to ensure that PhilaPort remains a competitive, vibrant, and resilient port in the years to come."

More than $2 billion in projects and initiatives were identified, prioritized, and sequenced over the plan’s 15-year planning horizon.  

Joshua Nelson, principal project director at Hatch, added, "Working with the PhilaPort team on the Strategic Plan has been a rewarding experience. The collaboration and dedication from all stakeholders have been instrumental in shaping a plan that will drive significant growth and development for the Port and the region."

By 2040, the PSP is set to deliver significant benefits, including a substantial increase in warehouse space and the capacity to handle an extra 2 million TEUs. The plan is expected to create nearly 9,000 new direct jobs along with more than 10,000 additional induced and indirect jobs. Furthermore, it is projected to generate more than $2.84 billion in new business revenue and nearly $170 million in new state and local taxes. 

For more information about Hatch’s involvement with the PhilaPort Strategic Plan click here: PhilaPort Strategic Plan

For more information about PhilaPort and the PhilaPort Strategic Plan: Destination 2040, please visit PhilaPort Strategic Plan: Destination 2040 | PhilaPort

For additional information, please contact: 
Lindsay Janca 
Global Director, Public Relations 
Tel: +1 905 403 4199 
Email: media@hatch.com

About Hatch

Hatch is a global engineering, project delivery, and professional services firm. Whatever our clients envision, our teams can design and build. With over six decades of business and technical experience in the mining, energy, and infrastructure sectors, we know your business and understand that your challenges are changing rapidly. We respond quickly with solutions that are smarter, more efficient and innovative. We draw upon our 10,000 staff with experience in over 150 countries to challenge the status quo and create positive change for our clients, our employees, and the communities we serve.

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