Port of Oakland reports box traffic decline26/09/2022
The Port of Oakland’s total loaded container volume dropped by 8% in August compared to the same month last year with 155,682 loaded TEUs.
Loaded imports declined by 10.2% recording 87,844 TEUs last month and loaded export containers experienced a 5.5% decline with 67,838 TEUs passing through the port in August.
In addition, full imports of the port of Oakland in 2022 year-to-date were down by 5% compared to the first eight 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, who went on to add, “We will continue working with our industry partners to boost cargo fluidity and vessel service.”
Freight rates for cargo shipped from Asia to the United States continue to drop pointing to a softening in demand for imports, according to the Californian port, which noted that continued congestion at box yards may still be a factor in ship delays at the Oakland Seaport, with most docked vessels staying two or more days.
Source: Container News