Seaport
Local earnings from Port of Oakland projects top $6.5 million
December 6, 2016
Oakland, CA.–(December 6, 2016): Local workers made $6.5 million in earnings while working on Port of Oakland construction projects in 2016. More than 60 percent of those who worked on Port projects live within Alameda and Contra Costa counties. According to figures released today, the result exceeded the Port’s annual local hiring goal of 50… Read More
Read Full Article...A third Port of Oakland terminal mandates truck appointments
December 1, 2016
Oakland, CA. – (Dec. 1, 2016): A third marine terminal operator wants truckers to make appointments before picking-up cargo at the Port of Oakland. Wilmington, Ca.-based TraPac said today it will require appointments for all import container pick-ups beginning Dec. 6. TraPac said the appointment system will reduce waiting times by more evenly distributing truck… Read More
Read Full Article...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 terminal OK to expand, could start in November
October 31, 2016
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…. Read More
Read Full Article...Truck diesel emissions at Port of Oakland down 98 percent in past decade
October 28, 2016
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… 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...