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Port of Oakland cargo volume hit all-time high in 2018

Logistic News - Published on Fri, 18 Jan 2019

Image Source: Container News
Port of Oakland container volume reached an all-time high in 2018, according to data. The Port said it handled the equivalent of 2.55 million 20-foot containers last year. That was up 5.2 percent from 2017 volume. It was the second straight year of record volume in Oakland. According to Port figures, 2018 import cargo volume increased 5% while exports declined 3.5%. The volume of empty containers returned to origin destinations for future import loads increased 19.7%.

The Port said multiple influences were at work in 2018 shaping cargo flows, including

A China-U.S. trade dispute that prompted shippers to accelerate import orders ahead of anticipated tariffs

A strong dollar that made U.S. exports costlier overseas

A buildup of empty containers in the U.S. that required repositioning to Asia because of the import surge

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 73,000 jobs in the region and nearly 827,000 jobs across the United States.

Source :

Posted By : Joykumar Irom on Fri, 18 Jan 2019
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