Business, Freight News, Sea

Port of Oakland August volume drops 8% from August 2021

[ September 29, 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 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.