English
2024/06/16
In the preceding month, the Port of Oakland witnessed a substantial surge in container volume, with 202,816 TEUs traversing its facilities, marking a notable 19.1% increase compared to March 2023.
Import activity at the Oakland Seaport sustained its upward trajectory for the fifth consecutive month, experiencing a remarkable 38.4% surge compared to March 2023. Port operators handled 83,483 full inbound TEUs in March 2024, the highest volume recorded since August 2022. This surge is attributed to rising incomes and net worth among consumers in major Northern California markets, bolstering import demand.
Meanwhile, full exports achieved their fourth consecutive month of growth, boasting a 14.8% increase compared to March 2023. A total of 75,352 TEUs were transported in March 2024, marking the highest monthly total for full outbound cargo at Oakland since April 2021.
Additionally, empty imports experienced an 11.9% increase, reaching 20,254 TEUs in March 2024, up from 18,097 TEUs in March 2023. Conversely, empty exports declined by 9.5%, with 23,728 TEUs transported in February 2024, compared to 26,225 TEUs in March 2023.
"I am encouraged by the positive cargo trends we are witnessing in 2024. A robust economy and the imperative for retailers to replenish stock in their warehouses are driving import cargo activity today," remarked Bryan Brandes, maritime director of the Port of Oakland.
