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Will City Hall Torpedo the Port of Los Angeles?

LA WATCHDOG - The Port of Los Angeles is a major economic component of the Southern California economy, responsible, along with Port of Long Beach, for economic activity that supports over 900,000 jobs.  However, the Port has run into strong headwinds as the volume of imported containers has slipped 6% over the last twelve months.

Even exports of loaded containers are down 12% this year after almost doubling over the last ten years.

These lower volumes, both of which are about 10% below their peak volumes, should serve as a wakeup call to the management of the Port, its Board of politically appointed commissioners, Mayor Eric Garcetti, and the City Council, especially as the competitive environment for international waterborne trade is increasing, eating into the Port’s market share and revenues and the incomes of Southern Californians.

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