Issue link: https://pma.uberflip.com/i/1544017
PACIFIC MARITIME ASSOCIATION 3 To Our Stakeholders I am honored to present the 2025 Annual Report, chronicling a year marked by significant Trans-Pacific trade volatility and local political challenges, as well as PMA and our member companies' continued progress and unwavering commitment to long-term growth. As America's leading maritime gateway for goods from Asia, West Coast ports experienced sharp swings in cargo volumes throughout the year. Ultimately, our ports demonstrated remarkable resilience, with coastwide annual volume reaching near-2024 levels. The volatility in cargo volumes underscored the critical advantage of modern, technology-enabled terminals, especially those with automated systems that keep cargo moving quickly and efficiently. Modern terminals will play an increasingly important role as West Coast ports face intensifying competition from gateways across North America. Our experience shows that the most modern terminals not only led the way handling cargo surges, but they also created more work opportunities for longshore workers. Vital to our future growth is labor stability as well as respecting and adhering to the PMA-ILWU coastwise contract, which guarantees PMA members the right to introduce new cargo-handling technology, including automation. Automation has and will continue to play a leading role in helping West Coast ports achieve zero-emissions goals, particularly in Southern California. Toward the end of 2025, I traveled to Europe and Asia and met with the CEOs of leading PMA members. As we look to the future, there is PMA unity around a core concept: West Coast ports are a linchpin of the global supply chain and U.S. economy, and we must work in lockstep to invest in their modernization, efficiency, and environmental sustainability. We look forward to achieving these objectives in cooperation with the ILWU. PMA will continue to spearhead the drive to strengthen West Coast ports and not only preserve but also grow the millions of jobs and businesses they support. United in our strategic aims, I am confident we will succeed. Stephen Hennessey President and CEO