A Profile of the Port of Los Angeles
As America's premier port and an undisputed center for global trade, the Port of Los Angeles is the key to Southern California's economic dominance.
With far-sighted strategic planning, the Port sets the standard for excellence and financial stability, thus ensuring its role in the vital world trade industry.
The Port's stature also carries with it responsibility for leadership in achieving enhancements in security, environmental responsibility,
operational efficiency and community outreach. All of these initiatives, tied with painstaking dedication to customer satisfaction, are high priorities for the Port.
A proprietary department of the City of Los Angeles, the Port is not tax supported. Instead, its revenue is derived from fees from a variety
of shipping services. The Port's strong financial performance has been recognized with a AA+ bond rating – the highest credit rating assigned
to any U.S. seaport operating without taxpayer support.
A landlord port, the Port of Los Angeles leases its property to customers who operate diverse facilities. With 27 major cargo terminals,
including eight container facilities, the Port is well positioned to handle all types of domestic and international cargo.
More than 95 percent of all goods entering the United States arrive by waterborne transportation, and the Port of Los Angeles provides a
major gateway for international goods and services. Some 180 million metric revenue tons, valued at more than $205 billion, annually pass
over the wharves of the Port of Los Angeles. It is estimated that Port operations impact one out of every 24 jobs in the region, or $1 out
of every $23 in regional wages.
Cargo volume is expected to dramatically increase in response to the demands of this growing regional marketplace of 17.5 million people,
and the Port is enhancing its facilities to further improve operational efficiency while meeting the needs of customers, shippers,
consumers and manufacturers. Currently the number one containerport in the United States, the Port handled 8.5 million
TEUs (twenty-foot equivalent units) in 2006. When the Port of Los Angeles combines its container throughput with the neighboring
Port of Long Beach, the two-port San Pedro Bay complex ranks number five in the world.
Community enhancements are also at the top of the Port's list. The San Pedro Waterfront Enhancement Project is a long-term plan to develop
400 acres of Port property along the eight-mile stretch of waterfront from the Vincent Thomas Bridge to the Federal Breakwater.
The plan provides public access to the water's edge, links the waterfront to the community, creates new harbors and marinas and the infrastructure for future growth. The Port has also developed a master plan for the Wilmington Waterfront that includes development of more than 90 acres along the Avalon Corridor between Harry Bridges Boulevard and C Street, a public park at Avalon and Harry Bridges Boulevards, enhanced waterfront access from Banning's Landing Community Center, and redevelopment opportunities for the Wilmington community.
By complementing its busy terminal operations with green alternatives, the Port of Los Angeles remains on the forefront
for environmental stewardship, unprecedented growth and economic drive. These contributions continue to make the Port of Los
Angeles a balanced, flourishing organization that continues to give its customers a distinct, competitive advantage in international trade.