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Image of Port of Oakland operating revenue at all-time high in FY 2015

Port of Oakland operating revenue at all-time high in FY 2015

Press Releases, Seaport, Airport, Commercial Real Estate, Community
September 25th, 2015

Press Release

For Immediate Release
September 25, 2015

Port of Oakland operating revenue at all-time high in FY 2015

$336.6 million total is up 4.2 percent from previous year

 

Oakland, CA - September 25, 2015: Operating revenue at the Port of Oakland reached an all-time high in Fiscal Year 2015. The Port today reported $336.6 million in revenue for the year ended June 30. That was up 4.2 percent from the previous year.

"The result is encouraging, given the challenges we faced," said Executive Director Chris Lytle. "The job now is to build on our strengths and grow our business."

The Port reported revenue increases in all three of its major business lines:

  • Aviation: up 3.1 percent due largely to an 8.7 percent boost in passenger traffic at Oakland International Airport;
  • Commercial Real Estate: up nearly 20 percent;
  • Maritime: up 3.9 percent despite a 6.5 percent decline in loaded container volume that followed a labor dispute last winter on the West Coast waterfront.

The Port said operating expense increased 6.8 percent during FY 2015. That led to an 8.5 percent decline in operating income from the previous year.

 

About the Port of Oakland
The Port of Oakland oversees the Oakland seaport, Oakland International Airport, and 20 miles of waterfront. Together with its business partners, the Port supports more than 73,000 jobs in the region and nearly 827,000 jobs across the United States. Connect with the Port of Oakland and Oakland International Airport through Facebook, or with the Port on Twitter, YouTube, and at www.portofoakland.com.

Media Contact:

Robert Bernardo,
Communications Manager
Port of Oakland
(510) 627-1401
rbernardo@portoakland.com

Marilyn Sandifur,
Port Spokesperson
Port of Oakland
(510) 627-1193
msandifur@portoakland.com