CJ Logistics, KOBC pledge $457M for US logistics hubs

Seoul, South Korea-based supply chain and technology firm CJ Logistics and the Korea Ocean Business Corp. will invest $457 million to establish large-scale logistics centers across the United States, part of a strategy to enhance import and export operations. [caption id="attachment_57137311" align="alignright" width="300"] CJ Logistics and the Korea Ocean Business Corp. executives sign a joint venture agreement. (Photo/CJ Logistics)[/caption] In this project, tagged the “North American Project,” logistics hubs will be constructed at three sites, collectively covering 3.875 million square feet, owned by CJ Logistics America. The sites will be in: Elwood, Ill., adjacent to BNSF and Union Pacific railway terminals; Des Plaines, Ill., near Chicago O’Hare International Airport (ORD); and Secaucus, N.J., near New York Harbor and John F. Kennedy International Airport (JFK). CJ Logistics will provide the land for the project and the Korea Ocean Business Corp. will pay or construction, according to a release from CJ Logistics. In addition to supporting global and South Korean businesses, the project aims to reinforce economic ties between the United States and South Korea by catalyzing local investment and job opportunities, according to the release. Construction will commence in early 2024, with a phased completion expected in the first half of 2026. Plans are underway to integrate automation, big data and artificial intelligence into operations at the sites. Autonomous mobile robots and forklifts and smart packaging systems will also be deployed. This article was written using ChatGPT. Air Cargo Next uses published and non-published material, such as press releases and transcripts of live interviews, to generate AI-produced content. All AI-produced content is reviewed by Air Cargo Next editors. Join Air Cargo Next for the 2nd annual Air Cargo Tech Summit on Monday, Sept. 18, and Tuesday, Sept. 19, at the Brussels Marriott Hotel Grand Place in Belgium. For more information on the summit and to register, click here .

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