Port's strategic plan aims to keep top ranking in U.S. ports
The Port of Los Angeles will invest billions of dollars in transportation infrastructure to maintain its ranking as the largest U.S. container port, according to the 2012-2017 strategic plan released over the weekend.
The port’s container business accounts for more than 80 percent of its revenue. About 50 percent of the containerized shipments are discretionary, which means they are headed to destinations outside of Southern California.
“Protecting and retaining discretionary cargo market share in the face of changing economic conditions and intensifying competition is the key to the future of the port and the region,” the port stated in the 2012-2017 Strategic Plan.