• ITVI.USA
    15,482.400
    -11.800
    -0.1%
  • OTRI.USA
    25.070
    0.000
    0%
  • OTVI.USA
    15,440.270
    -7.500
    0%
  • TLT.USA
    2.700
    0.000
    0%
  • TSTOPVRPM.ATLPHL
    2.550
    -0.030
    -1.2%
  • TSTOPVRPM.CHIATL
    3.030
    -0.080
    -2.6%
  • TSTOPVRPM.DALLAX
    1.450
    0.150
    11.5%
  • TSTOPVRPM.LAXDAL
    2.910
    -0.030
    -1%
  • TSTOPVRPM.PHLCHI
    1.700
    -0.040
    -2.3%
  • TSTOPVRPM.LAXSEA
    3.020
    -0.010
    -0.3%
  • WAIT.USA
    120.000
    0.000
    0%
  • ITVI.USA
    15,482.400
    -11.800
    -0.1%
  • OTRI.USA
    25.070
    0.000
    0%
  • OTVI.USA
    15,440.270
    -7.500
    0%
  • TLT.USA
    2.700
    0.000
    0%
  • TSTOPVRPM.ATLPHL
    2.550
    -0.030
    -1.2%
  • TSTOPVRPM.CHIATL
    3.030
    -0.080
    -2.6%
  • TSTOPVRPM.DALLAX
    1.450
    0.150
    11.5%
  • TSTOPVRPM.LAXDAL
    2.910
    -0.030
    -1%
  • TSTOPVRPM.PHLCHI
    1.700
    -0.040
    -2.3%
  • TSTOPVRPM.LAXSEA
    3.020
    -0.010
    -0.3%
  • WAIT.USA
    120.000
    0.000
    0%
American ShipperContainerMaritimeNews

Port of Oakland volume uptick pleasant surprise

Gain in imports unexpected given number of canceled sailings

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.”

June export volume declined 5.7%. “The weakening export performance was likely due to reduced consumer demand in foreign markets caused by COVID-19 disruptions,” the port said. “Additionally, China instituted new restrictions on wastepaper exports from the United States, which further dampened export volumes.”

The return of empty containers to Asia decreased 14.5% in June.

Last month port commissioners approved a fiscal year 2021 budget with 15.84% less in operating and capital expenditures than the previous year. The Port of Oakland’s 2021 fiscal year began July 1. 

Executive Director Danny Wan said the budget reduction was “based on best estimates of how our business may recover, assuming that our communities and country make slow but steady progress in containing the COVID-19 virus.”

May total cargo volume was down 16.8% year-over-year.

The port’s business development manager said in April that he believed supply chains would be forever changed by the COVID-19 pandemic. 

“Distribution patterns will change,” Andrew Hwang said. “It won’t be like it was.”

Coronavirus-related declines spur Port of Oakland budget decrease

Port of Oakland bracing for ‘new normal’

Port of Oakland joins coronavirus-caused cargo decline list

Click for more FreightWaves/American Shipper articles by Kim Link-Wills.

Tags

Kim Link-Wills, Senior Editor

Senior Editor Kim Link-Wills has written about everything from agriculture as a reporter for Illinois Agri-News to zoology as editor of the Georgia Tech Alumni Magazine. Her work has garnered awards from the Council for the Advancement and Support of Education, the Georgia Institute of Technology and the Magazine Association of the Southeast. Prior to serving as managing editor of American Shipper, Kim spent more than four years with XPO Logistics.
Close