Port of Oakland opens peak season with cargo volume growth
Peak season has begun at the Port of Oakland with growth in containerized cargo volume. The Port reported that import loads increased 3.1 percent last month compared to August 2018. Exports rose 1 percent. Empty container shipments declined 14 percent.
The Port said it handled the equivalent of 88,323 20-foot loaded import containers last month. That made it Oakland’s busiest August ever for inbound loads. Export volume was 75,080 containers, the Port said. It pointed out that export totals have now risen year-over-year for six consecutive months.
The Port attributed August cargo increases to a pair of influences:
Continued strong U.S. consumer demand that spurred import growth; and
Overseas demand for American farm goods resulting in more exports.
August-through-November is shipping’s highwater mark, the time of year when U.S. retailers import holiday merchandise. Cargo volumes can be a harbinger of the shipping industry’s health as well as a broader economic indicator.
The Port reported that despite cargo volume increases, the number of ships visiting Oakland declined 13 percent in August. The Port explained that ocean carriers are loading more cargo on fewer-but-larger vessels to control costs.
The Port said 956 ships have called in Oakland so far in 2019. That’s down from 1,066 in the same time period a year ago. According to the Port, fewer ships means less berth crowding in Oakland and a reduction in airborne diesel emissions.
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.