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Learn about Port of Los Angeles Investor Relations, including Featured News, Key Projects, and The Team.
The Port of Los Angeles, America’s Port® and the premier gateway for international commerce, is located in San Pedro Bay, 25 miles south of downtown Los Angeles. This thriving seaport not only sustains its competitive edge with record-setting cargo operations, but is also known for groundbreaking environmental initiatives, progressive security measures, diverse recreational and educational facilities, and emerging LA Waterfront.
The Port of Los Angeles encompasses 7,500 acres of land and water along 43 miles of waterfront. It features 27 passenger and cargo terminals, including automobile, breakbulk, container, dry and liquid bulk, multi-use, and warehouse facilities that handle billions of dollars’ worth of cargo each year.
Complementing its busy terminal operations with green alternatives, the Port of Los Angeles remains committed to managing resources and conducting developments and operations in both an environmentally and fiscally responsible manner. The Port of Los Angeles has embarked on a 10-year, $2.6 billion infrastructure investment program and will to continue to raise the bar to increase efficiency. The Port remains committed to modernizing its facilities and helping to create better information flow for stakeholders via technology.
With an exceptional credit record, the Port maintains an AA bond rating, the highest rating attainable for self-funded ports. The Port also wields tremendous economic impact, generating employment for more than 3 million Americans nationwide. In California alone, nearly 1 million jobs are related to trade though the Port of Los Angeles.
Against the backdrop of international trade and shipping, the Port of Los Angeles boasts the World Cruise Center, quaint Ports O’ Call Village, welcoming Vincent Thomas Bridge, signature Fanfare Fountains & Water Features, historic Angels Gate Lighthouse, and open green space at 22nd Street and Wilmington Waterfront parks. The Port is also home to two historic U.S. warships open to the public: Battleship IOWA and SS Lane Victory Merchant Marine Museum and Memorial. Joining the LA Waterfront are WWII-era warehouses that have been transformed into CRAFTED at the Port of Los Angeles, a permanent craft marketplace, featuring local artists and designers, and Brouwerij West, a Belgian-style craft brewery.
Port of Los Angeles Sets Western Hemisphere Record for Annual Volume
The existing Pier 400 rail storage yard is in need of expansion in order to accommodate future rail volumes on Terminal Island. The project scope includes a concrete rail bridge with lighting, six new railroad storage tracks, an asphalt access roadway, new crossovers and switches, as well as modifications to the existing compressed air system of the Pier 400 Rail Storage Yard and Bridge. Work also includes the relocation of a portion of the Pier 400 lead track onto Port property, realignment of the track connection to the existing rail storage yard, modifications to Reeves Avenue, and relocation of the existing at-grade crossing at Nimitz Avenue to Reeves Avenue. The project is currently budgeted at $49.8 million and was awarded approximately $21.6 million of California Trade Corridor Enhancement Program (TCEP) federal funding by the State of California. Construction is expected to start in late 2021.
This project will increase on-dock intermodal railyard capacity by a projected 520,000 TEUs. This enables more cargo to be loaded onto trains via the on-dock railyard within the terminal instead of off-dock railyards. Shifting the loading of these containers to ondock rail enables the BNSF railway and Union Pacific Railroad to transport import and export containers to/from the Port of Los Angeles (POLA) and the rest of the nation in a safer, more efficient, rapid, and cost-effective manner, via the Alameda Corridor. The project cost is approximately $40.5 million and the Port is receiving a grant totaling $18.2 million dollars from the Fiscal Year 2019 United States Department of Transportation (US DOT) Port Infrastructure Development Program (PIPD). Design completion is scheduled for early 2022.
The Avalon Pedestrian Bridge will be the first of the two phases. It will provide safe and direct pedestrian access over the Pacific Harbor Rail Line train tracks and realigned Water Street to the future Wilmington Waterfront Promenade. In February 2017, the Los Angeles Harbor Commission approved a three-year, $1.5 million contract with engineering firm T.Y. Lin International to design the 1,300-foot-pedestrian bridge. The total project cost is $23.8 million with Measure M grant funding of $8.1 million from Metro. Construction is expected to start in the summer of 2022.
Starting in September 2019, the $65.2 million Everport Container Terminal Improvement Project involves the deepening of its berths and terminal facility improvements, which will allow the terminal operator to accommodate the larger next generation vessels. The project will increase berth depth from -45 to -53 feet at Berths 226-229, and increase berth depth to -47 feet at Berths 230-232. The project also involves the construction of an additional 1.5 acres of backland and electrical improvements for five new Alternative Maritime Power (AMP®) connections, as well as electrical infrastructure for three additional container cranes. Total project cost is $65.2 million, though $5.4 million is expected to be reimbursed from a Proposition 1B Trade Corridors Improvement Fund (TCIF) grant. Estimated construction completion is in late 2021.