Port of LA ‘market share’ slippage the focus of commission presentation

Port of LA Executive Director Gene Seroka discussed the shift in cargo market share that has been taking cargo to other ports during a presentation to the Los Angeles harbor commissioners on Thursday, Oct. 19.

Closer to home, he said, in just the Los Angeles-Long Beach port complex, those numbers also saw a 25% decline in market share. The drivers behind the loss of cargo on the West Coast, he said, are several, such as the high cost of doing business in California — including because of environmental regulations — and what is often the “heavy hand” of regulatory agencies.But cargo volume at the ports, Seroka added, is still expected to double by the year 2040, creating a push to use the land and operation more efficiently. Bigger ships will be part of what will be coming over the next decades.

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