Cargo volume off at Port of Oakland in February
Bad weather, Lunar New Year lull temper recent gains
Oakland, Calif. – March 10, 2017: Containerized export volume at the Port of Oakland declined 1.2 percent last month from February 2016 totals. The Port said it was only the second export decrease in the past 14 months.
Overall loaded container volume – imports and exports – declined 5.1 percent last month, according to figures released today. Import volume was off 9.3 percent.
The Port said inclement weather in the U.S. interior curtailed shipment of Asia-bound exports through Oakland. Import volume declined in the wake of Lunar New Year celebrations, the Port said. U.S. importers stock up before Asian factories shut down for the holidays. Shipments typically moderate in the post-holiday period.
Oakland export volume had bucked the effects of a strong dollar for more than a year. The Port’s exports increased 9 percent in January. Exports were up 10.5 percent for the full year in 2016.
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