Port of Oakland August volume drops 8 percent from August 2021
Decline in Port traffic points to softening demand for imports
Oakland, Calif. – September 23, 2022: The Port of Oakland’s total loaded container volume dropped by 8% in August compared to August 2021. Last month 155,682 loaded TEUs (twenty-foot containers) transited the Port, compared to 169,602 TEUs in August 2021.
Loaded imports declined by 10.2% recording 87,844 TEUs last month compared to 97,850 in August 2021.
Loaded export containers experienced a 5.5% decline, with 67,838 TEUs passing through the port in August compared to 71,753 TEUs in August 2021.
Full imports in 2022 year-to-date were down by 5% compared to the first 8 months of 2021.
“We’re beginning to see signs of supply chain recovery after multi-year pandemic-related congestion, but we still have a way to go,” said Port of Oakland Maritime Director Bryan Brandes. "We will continue working with our industry partners to boost cargo fluidity and vessel service.”
Freight rates for cargo shipped from Asia to the U.S. continue to drop pointing to a softening in demand for imports. Continued congestion at container yards may still be a factor in ship delays at the Oakland Seaport, with most docked vessels staying two or more days.
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. 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 & Public Relations Specialist