Philadelphia-based FastShip has entered into an agreement with Conrail to acquire a significant portion of a rail yard and dormant shipping terminal along the Delaware River in the Port Richmond section of Philadelphia. This is where the Schneider National-managed inland distribution network will connect to the high-speed cargo ships that will be crossing the Atlantic.
Beginning in 2004, FastShip will use fast ocean-going ships that travel at 38 knots -- 70% faster than the 22 knots of a normal container ship. Each ship will cross the Atlantic three times a week. Rather than containers and cranes, FastShip will reduce port time with trailer roll-on-roll-off service at dedicated facilities.
The Philadelphia rail site, which will be transformed into a modern transportation hub for FastShip's transatlantic network, will be the exclusive North American terminal for the company's delivery service of cargo from central Europe to the central United States.
The $125 million state-of-the-art terminal will open in 2004 and will nearly triple the amount of cargo currently passing through the Ports of Philadelphia and Camden.
Beginning in 2004, FastShip will use fast ocean-going ships that travel at 38 knots -- 70% faster than the 22 knots of a normal container ship. Each ship will cross the Atlantic three times a week. Rather than containers and cranes, FastShip will reduce port time with trailer roll-on-roll-off service at dedicated facilities.
The Philadelphia rail site, which will be transformed into a modern transportation hub for FastShip's transatlantic network, will be the exclusive North American terminal for the company's delivery service of cargo from central Europe to the central United States.
The $125 million state-of-the-art terminal will open in 2004 and will nearly triple the amount of cargo currently passing through the Ports of Philadelphia and Camden.
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