STATEMENT FROM PORT OF LOS ANGELES EXECUTIVE DIRECTOR GERALDINE KNATZ
ON PORT LABOR DISPUTE

SAN PEDRO, Calif. — November 29, 2012 —“It’s essential that both sides in this labor dispute return to the negotiating table and resolve this now. We are starting to see ships divert to other ports, including to Mexico. This dispute has impacted not only our Port work force but all stakeholders who ship goods through our complex and potentially the hundreds of thousands of jobs that are directly and indirectly related to port operations. In today’s shipping environment, we can’t afford to lose cargo or our competitive advantage.”