The Port of Oakland’s loaded container volume has climbed to its highest level in July 2023, the highest level since October 2022.
In July 2023, the port handled 136,181 TEU, a 16.8 per cent increase from 116,629 TEU in July 2022.
Full imports increased 12.5 per cent, with 78,122 TEU passing through Oakland marine terminals in July 2022, up from 69,463 TEU in July 2022. Full exports increased by 23.1 per cent, with 58,059 TEU passing via port facilities in July 2022, up from 47,166 TEU in July 2022.
Although exports increased significantly during the same month last year, container volumes in July 2022 were very low. Despite the increase in exports, July 2023 volume is lower than the year-to-date (YTD) monthly average for 2023.
Vessel calls are increasing, and the amount of time each ship stays at berth is decreasing, indicating that cargo is moving more easily and that pandemic-era congestion is behind us. This should assist the port in capturing a portion of the increased demand.
Port of Oakland Maritime Director, Bryan Brandes, said: “We are encouraged to see container volumes gradually rebounding. The port is making great investments at the Oakland Seaport to foster growth which ultimately benefits the local economy and helps power local jobs.”
Empty imports increased 16.5 per cent or 14,196 TEU in July 2023, compared to 12,185 TEU in July 2022, while empty exports declined 1.2 per cent, registering 31,179 TEU in July 2023, down from 31,542 TEU in July 2022.