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Home Freight Forwarders News

Port of Oakland expects return to pre-pandemic cargo volumes

December 27, 2024
in Freight Forwarders News, Logistics News, Logistics Parks News, Maritime & Ocean News
Port of Oakland expects return to pre-pandemic cargo volumes
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The Port of Oakland saw surging container imports continue in November, the 13th straight month of increased loads for the Northern California gateway.

Full imports increased 13.1% in November from the same month in 2023. The port handled 80,580 twenty-foot equivalent units, compared to 71,258 TEUs a year ago.

“We are optimistic that strong container volume will continue through the end of the year,” said Carolyn Almquist, the port’s manager of business development and international marketing. “We expect to be on track to return to our pre-pandemic baseline cargo numbers. Our total inbound and outbound volume is up, and agricultural exports are boosting our outbound cargo business.”

Total container volume in 2019 was 2,500,461 TEUs, according to port data.

In November, loaded exports rose 8.5% to 66,619 TEUs, from 61,390 TEUs in November 2023.

Total cargo volume was up 10% year to date compared to the same period in 2023.

Empty imports dropped 14.8% to 12,028 TEUs in November 2024, compared to 14,118 TEUs y/y.

Empty exports increased 14.7% to 22,495 TEUs from 19,613 TEUs y/y.

Find more articles by Stuart Chirls here.

Related coverage:

Hapag-Lloyd US port strike surcharges to go into effect same day as Trump inauguration

Port of Long Beach nears record TEUs

Port strike threat helps boost trans-Pacific container rates

The post Port of Oakland expects return to pre-pandemic cargo volumes appeared first on FreightWaves.

Tags: NovemberPortTeusTheVolume

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