Speakers: Port of Oakland a ‘center of gravity’ for trade and travel
November 18, 2016
Oakland, CA.–(November 18, 2016): The Port of Oakland can be a “center of gravity” for trade and travel because of its competitive advantages. That’s the word from two transportation experts whose companies rely on the Port, to move people and cargo. They told an audience here last week that key infrastructure projects and geography give… Read More
Read Full Article...Port of Oakland: What’s behind the 2016 export rally
November 15, 2016
Oakland, CA. – (Nov. 15, 2016): Growth in high-value agricultural shipments is driving a containerized export boom at the Port of Oakland. The Port released new figures today showing sizable increases in fruit, nut and meat exports destined primarily for Asia. The agricultural surge has lifted Oakland total export volume 10 percent over 2015 levels… Read More
Read Full Article...Port of Oakland export boom reaches a three-year high
November 7, 2016
Oakland, CA – (Nov. 7, 2016): Port of Oakland export volume reached a three-year high in October, soaring 20 percent over 2015 totals. The Port reported today that it shipped the equivalent of 89,473 export containers last month. That was the most since Oct. 2013, the Port said, and the fourth-largest monthly total in its… Read More
Read Full Article...Port of Oakland revenue held steady in FY ‘16 though tenant left
October 18, 2016
Oakland, CA. – (Oct. 18, 2016): Port of Oakland operating revenue held steady in FY 2016 despite the departure of a bankrupt tenant. The Port said today its operating revenue for the year ending June 31 was $338 million. That was a record for the Port, up 0.4 percent from the old record of $336.6… Read More
Read Full Article...Port of Oakland debt upgraded by Fitch Ratings
October 17, 2016
Oakland, CA. – (Oct. 17, 2016): Port of Oakland intermediate lien revenue bonds have been upgraded by Fitch Ratings to A from A-. Fitch has also affirmed the A+ rating on the Port’s senior lien revenue bonds. The rating outlook for both liens is stable. Fitch issued its rating update October 14. It said the… Read More
Read Full Article...TraPac to nearly double size of its terminal at Port of Oakland
October 14, 2016
Oakland, CA – (Oct. 14, 2016): TraPac, LLC has reached agreement to nearly double its marine terminal size at the Port of Oakland. Wilmington, CA-based TraPac said today it plans to lease an additional 57 acres and two vessel berths on the Port’s Outer Harbor. If the deal is approved, it would greatly strengthen TraPac’s… Read More
Read Full Article...Port of Oakland exports soar again – up 10 percent in September
October 11, 2016
Oakland, CA – (Oct. 11, 2016): A year-long export rally is barreling ahead at the Port of Oakland. The Port said today that September containerized export volume soared 10 percent compared to 2015. It was the eighth increase in nine months and the first double-digit jump since February. The trend is significant because Oakland is… Read More
Read Full Article...Port of Oakland Executive Director addresses supply chain advantages
September 30, 2016
Oakland, CA – (September 30, 2016): Location, location, location. That may be the Port of Oakland’s biggest advantage, says Executive Director Chris Lytle. And it’s key to the Port’s future, he told more than 140 customers here this month. Speaking to the Council of Supply Chain Management Professionals, Mr. Lytle said geography will be a differentiator… Read More
Read Full Article...Port of Oakland: So far, wider Panama Canal not a factor
September 27, 2016
Oakland, CA – (Sept. 27, 2016): Bigger ships may be using the newly widened Panama Canal, but they’re not bypassing Oakland to get there. The Port of Oakland said today that wider canal locks have not dented its business. According to Port data, Oakland vessel traffic has gone up since the Canal got bigger June… Read More
Read Full Article...Port of Oakland Board President honored by LGBT organization
September 23, 2016
Oakland, CA – (September 23, 2016): Michael Colbruno, president of the Oakland Board of Port Commissioners was honored last night for his leadership within the LGBT business community. The Golden Gate Business Association recognized the commissioner for his election as the first LGBT person to become president of the Board. The event was held in… Read More
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