Port of Oakland reports positive first quarter
March container volume up 10 percent compared to same month last year
Oakland, Calif. – April 12, 2019: The Port of Oakland today reported a positive first quarter in its cargo volume. Through the end of March 2019, the Port handled 612,151 TEUs—the equivalent of one 20-foot long container—compared to 587,356 TEUs 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.
About the Port of Oakland
The Port of Oakland oversees the Oakland Seaport, Oakland International Airport, and nearly 20 miles of waterfront including Jack London Square. The Port's 5-year strategic plan - Growth with Care - pairs business expansion with community benefits, envisioning more jobs and economic stimulus as the Port grows. Together with its business partners, the Port supports more than 84,000 jobs in the region. Connect with the Port of Oakland and Oakland International Airport through Facebook, or with the Port on Twitter, YouTube, and at www.portofoakland.com.
Port of Oakland
Port of Oakland