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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