Port of Oakland Reports Surging Q1 TEU's
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.