The loaded container volume at the Port of Oakland has steadily increased month after month (MoM) in August.
The port revealed that loaded container capacity increased in August 2024 by 5.4 per cent compared to August 2023.
Loaded imports increased 14.9 per cent in August 2024, reaching 83,272 TEU from 72,481 TEU in August 2023.
Loaded exports fell 5.5 per cent, the port handled 59,362 TEU in August 2024, compared to 62,785 TEU in August 2023.
READ: Port of Oakland sustains growth momentum
According to the port, the decline in export volume can be linked to a more conventional summer season in Northern California. As harvested crops enter the market, exports are expected to increase significantly.
The port noted that this is the first year in which export volume has increased since 2019. Overall, 2024 export volume is up year-on-year (YoY).
READ: Port of Oakland May container throughput rises
Port of Oakland Maritime Director, Bryan Brandes, said: “We are preparing for a strong fourth quarter. All indicators point to strong import volumes fueled by consumer spending during the upcoming holiday season.”
Empty imports fell 11.3 per cent, with 11,823 TEU passing through Port facilities in August 2024, compared to 13,329 TEU in August 2023.
Empty exports increased by 25.9 per cent, with 38,507 TEU leaving port facilities in August 2024, compared to 30,579 TEU in August 2023.
