Welcome Letter
On behalf of the Port of Los Angeles, I would like to welcome you to our new investor relations website. We appreciate your interest and investment in bonds issued by the Port, as it allows us to make critical investments in public infrastructure throughout the region. We are committed to maintaining our strong bond ratings, and we are also committed to being as transparent as possible with the investor community and public at large.
I hope you find this website useful as you seek to better understand the credit fundamentals of the Port of Los Angeles. Please do not hesitate to contact our office with suggestions for how we can be doing better. Thanks again for your interest in our bond program.
About the Port of Los Angeles
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.