Port of Oakland volume uptick pleasant surprise

The Port of Oakland this week reported June loaded import volume grew 1.9% year-over-year.

“The gain was unexpected given that shipping lines canceled 10% of their scheduled Oakland visits due to the trade-related impact of the coronavirus,” the port said.

The port attributed the uptick in imports to retailers accelerating shipments to the United States because of capacity restrictions as shipping lines continue to cancel sailings, as well as to an anticipated hike in freight rates.

Oakland’s overall container volume — imports, exports and empty containers — did decline 2.3% in June from the same month last year. The port handled 199,011 twenty-foot equivalent units (TEUs) in June compared to 203,730 TEUs a year ago.

The port said the overall decrease resulted from a “pandemic that continues to dampen global trade.”

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Source: American Shipper