Port of Oakland terminal OK to expand, could start in November
Oakland, Calif. – Oct. 31, 2016: Work could begin next month to nearly double the size of the Port of Oakland’s second-largest marine terminal. TraPac LLC said today it’s ready to begin construction on a 57-acre expansion at the Port’s Outer Harbor. The Board of Port Commissioners approved the project at a meeting Oct. 27. […]
Truck diesel emissions at Port of Oakland down 98 percent in past decade
Oakland, Calif. – October 28, 2016: Diesel emissions from trucks serving the Port of Oakland declined 98 percent between 2005 and 2015. In that same timeframe, ship emissions dropped 75 percent. Those were the key findings of an emissions inventory the Port released today. The results indicate the Port is advancing its 2008 commitment to […]
Port of Oakland revenue held steady in FY ‘16 though tenant left
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 […]
Port of Oakland debt upgraded by Fitch Ratings
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 […]
TraPac to nearly double size of its terminal at Port of Oakland
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 […]
Port of Oakland exports soar again – up 10 percent in September
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 […]
Port of Oakland Executive Director addresses supply chain advantages
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 […]
Port of Oakland: So far, wider Panama Canal not a factor
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 […]
Port of Oakland eases worry over bankrupt shipping line boxes
Oakland, CA – (Sept. 21, 2016): A potential supply chain meltdown resulting from Hanjin Shipping’s bankruptcy has been averted at the Port of Oakland. The Port said today it will receive empty containers owned by the ocean carrier, which filed for bankruptcy protection Aug. 31. The announcement means cargo owners and truckers won’t have […]
Port of Oakland rally rolls on: August exports up 7 percent
Oakland, CA – (Sept. 21, 2016): A year-long rally in containerized export volume is gathering momentum at the Port of Oakland. The Port said today its export volume last month jumped 7 percent over August 2015 totals. It was the biggest year-over-year increase since a 7.1 percent rise in April. The Port said it has […]