State of the Port 2009 International Business Assn. January 30, 2009 Richard D. Steinke, Executive Director Port of Long Beach

Who we are… America’s 2 nd busiest container port $150 billion in trade Leading gateway for U.S. – Asia trade Supporting 30,000 Long Beach jobs and 316,000 regional jobs America’s 2 nd busiest container port $150 billion in trade Leading gateway for U.S. – Asia trade Supporting 30,000 Long Beach jobs and 316,000 regional jobs

What I’m here to talk about… Intro to the Port Cargo decline in 2008 Picking ourselves up Jump-starting the economy in 2009 Intro to the Port Cargo decline in 2008 Picking ourselves up Jump-starting the economy in 2009

First, the bad news… Anxious consumers are not buying furniture, clothing, toys, cars…

As a result… 6.5 million TEUs in 2008 Down 11.3% compared to 2007 Worst yearly decline in more than 20 years Every month in 2008 was worse than the same month in million TEUs in 2008 Down 11.3% compared to 2007 Worst yearly decline in more than 20 years Every month in 2008 was worse than the same month in 2007 % change in monthly TEUs vs same month a year ago

Monthly TEUs v. previous year … Nov Oct Dec % drop in December 2008 was the worst since departure of major shipping line in 2002 % change in monthly TEUs vs same month a year ago

Rising unemployment… Less work for longshoremen, truckers, warehouse workers…

$800 million Pier G project adds deep-water berth and shoreside power Dusting ourselves off...

Keep on truckin’... Clean Trucks Program assisting truckers to replace vehicles and cut pollution

Raising the Green Flag... 93% participation; 650 tons less pollution

New, $21 million Port security headquarters is an investment in safety and security Investing in safety, security... $21 million, state-of-the-art security center

Let’s Talk Port… Opportunity to engage, answer questions

Green Port Fest… 10,000 friends, neighbors checking out the Port

What we’re planning in 2009… Fiscally strong, ready to invest in improvements, economic recovery

Middle Harbor redevelopment… $750 million project to improve efficiency, cut pollution 50%, create 14,000 new jobs

Pier S terminal project… $650 million redevelopment of former oil field would create 35,000 new jobs

Desmond Bridge replacement… $1.1 billion bridge would ease congestion, improve traffic safety

Pier G terminal redevelopment… $55 million admin building next phase of $800 million terminal redevelopment

A thriving community… Helping to keep Long Beach a great place to live and work

Thank you For more information, visit