Los Angeles Daily News – Op-Ed from SCF CEO Tim Jemal and Harbor Trucking CEO Robert Loya:
“For more than a century, the Port of Los Angeles has operated under a governance structure built for stability, professional management, and long-term investment. That structure matters. The Port is the backbone of a vast supply chain sector that sustains millions of jobs, drives economic growth, and keeps goods moving across the nation.
The San Pedro Bay port complex, anchored by the Ports of Los Angeles and Long Beach, supports more than 3.5 million jobs across California, generates over $800 billion in economic activity, and provides $2.8 billion in state and local tax revenues. Economic activity tied to the port complex represents approximately 18% of California’s gross domestic product.
That is why two proposals being discussed as part of Los Angeles’s City Charter reform process are alarming. One would impose a rigid formula directing the investment of Port revenues. The other would layer on a new bureaucratic framework to Port leasing decisions, creating additional hoops for terminal operators, cargo owners, and supply chain partners to jump through.”
