Port of Oakland Reports Surging Q1 TEU's

April 12, 2019

Photo: Port of Oakland
Photo: Port of Oakland

The Port of Oakland has reported a positive first quarter in its cargo volume. Through the end of March 2019, the Port handled 612,151 twenty foot-long containers compared to 587,356 during the same period in 2018. That represents a 4.2 percent increase.

There has been some concern in the shipping industry that a recent import surge has cooled. The surge was caused by shippers last year trying to get ahead of possible new tariffs affecting U.S.-China trade.

“Though the import rally has calmed down, we are still seeing a strong consumer demand in Northern California and Western Nevada,” said Port of Oakland Maritime Director John Driscoll. “The Bay Area’s strong consumer-based economy has helped the Port of Oakland absorb the impact of the weakening rally better than other ports.”

The Port last month handled 213,972 twenty-foot containers compared to 193,341 in March 2018. That represents at 10.7 percent increase. 

Loaded exports also grew 7.6 percent last month compared to March 2018.  

Logistics News

U.S. Containerized Imports from China Rose 7.2% in July

U.S. Containerized Imports from China Rose 7.2% in July

Trump’s Revised Jones Act Waiver Gets Mixed Reception

Trump’s Revised Jones Act Waiver Gets Mixed Reception

Jeong-Sook Kim Appointed as UK P&I Club Senior Underwriting Director

Jeong-Sook Kim Appointed as UK P&I Club Senior Underwriting Director

Maersk Training Sold to OpenGate Capital

Maersk Training Sold to OpenGate Capital

Subscribe for Maritime Logistics Professional E‑News

MSC and BlackRock withdraw request for approval of purchase of stakes in Barcelona port
The Russian Central Bank advises banks to allow firms that have been hit by warehouse attacks to restructure loans
Washington Airport to stop flights to support Freedom 250 Grand Prix