PierPass Increase, effective August 1, 2015 (Ports of Los Angeles and Long Beach)

PierPass Increase, effective August 1, 2015 (Ports of Los Angeles and Long Beach)

Source: PierPass, Press Release | June 30, 2015

The West Coast MTO Agreement (WCMTOA) today announced an increase in the Traffic Mitigation Fee (TMF) at the
Ports of Los Angeles and Long Beach, scheduled to take effect on August 1, 2015. The increase will sustain continued
operation of PierPass OffPeak gates amid labor cost increases.

Beginning August 1, the TMF will be increased from $66.50 per TEU (twenty-foot equivalent unit) to $69.17 per TEU or
$138.34 per forty-foot container.

WCMTOA periodically adjusts the TMF based on changes in maritime labor costs. The announced change reflects
increases in labor costs contained in the contract recently agreed to between the Pacific Maritime Association and the
International Longshore and Warehouse Union (ILWU). The TMF was last adjusted in August 2013.

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