The Port of Philadelphia has been named the most productive port in North America for the second consecutive year, according to the 2024 Container Port Performance Index (CPPI) published by the World Bank Group and S&P Global Market Intelligence, reports Saint Petersburg's PortNews.

The port rose from 55th to 26th place globally, becoming the only US port among the top 50 out of 403 container ports assessed. It also recorded the fourth-largest improvement in global rankings since 2020.

CPPI evaluates vessel turnaround efficiency, including docking time, crane operations and departure schedules. Philadelphia outperformed New York/New Jersey (139th), Los Angeles (359th) and Long Beach (318th).

Over the past decade, PhilaPort has attracted more than US$1 billion in public and private investment, enhancing its service capabilities and supporting regional economic growth.

The port recently acquired the 152-acre Mustin Yard property from Norfolk Southern Corporation. Located next to the SouthPort Marine Terminal, the site is the last major deep-water, rail- and highway-connected parcel in Philadelphia.

The acquisition is expected to expand cargo capacity, support intermodal operations and create additional employment.

PhilaPort is an independent agency of the Commonwealth of Pennsylvania, responsible for managing and promoting publicly owned port facilities along the Delaware River.