The Port of Oakland said loaded container volume in September was 156,959 TEUs, about a 1% increase over September 2018. The increase was due to a 2.8% increase in inbound containers to 84,901 TEUs moving through the port’s terminals; there was a slight 1.2% dip in loaded outbound containers to 72,058 TEUs in September.
However, for the first nine months, the port said loaded volumes were up 3.1% year-over-year, with loaded imports up 3.5% and loaded exports up 2.7%.
The port attributed growth this year “to continued demand for imports of goods to satisfy the demand from consumers in the strong regional economy of Northern California. Export volumes also continue to grow as U.S. shippers find new markets outside of China.”
Port of Oakland Maritime Director John Driscoll said, “We remain cautious but optimistic that we can maintain this cargo volume performance through the rest of the year.”
Oakland’s grand total container volume was up only 1.3% in the first nine months of 2019 compared to the same period in 2018. The port said this is due to fewer empty containers being repositioned from the U.S. back to Asia.
On Oct. 11, Centerpoint Properties broke ground on a 466,830-square-foot logistics building on 27 acres that is the first phase of a logistics complex called CenterPoint Landing that may eventually encompass 123 acres. The port says the new facility will enhance logistics in the region by reducing truck travel times, distance and cost and provide living-wage jobs for Oakland residents.
Centerpoint also announced on Oct. 15 that it had purchased a 130,513-square-foot warehouse situated on 6.8 acres at 5901 San Leandro St., 5.6 miles from the Port of Oakland on a heavy-haul corridor.
CenterPoint said it has acquired five buildings in East Bay over the past year. Centerpoint is owned, in part by CalPERS, the California Public Employees’ Retirement System.
Freight Fraud Symposium
Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.
Supply Chain AI Symposium
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
Future of Rail Symposium
Reshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.
Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.
Rock & Roll Hall of Fame • Cleveland, OH Register NowPast the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
The Old Post Office • Chicago, IL Register NowReshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now