The Port of Oakland handled 145,868 loaded TEUs in October, which translates to a 5.9% increase from the same month in 2021.
Full exports jumped 4.8%, recording 66,408 TEUs in the last month, from which the loaded export boxes amounted to 62,203 TEUs.
“Although we anticipate that overall cargo will decline on the West Coast in the coming months, the recent uptick in volume at Oakland is welcome news, especially on the export side,” said Port of Oakland maritime director, Bryan Brandes.
Additionally, full imports were up 6.7% over October 2021. The port handled 79,459 TEUs in October 2022.
Despite October’s gains in cargo volume, according to the port of Oakland, it is insufficient to reverse the declines from earlier this year. “Long-term indicators still point to an overall decrease in import cargo volume,” noted the port in a statement.
Freight rates continue to drop and American retailers report that their inventories are still higher than normal, diminishing the demand for imports, according to the announcement.
