Oakland container export volume rises in October

Date: Monday, November 20, 2023
Source: Container News

The Port of Oakland's October export container volume rose to the highest volume in any single month seen in 2023.

In particular, full export TEUs rose 4% during October 2023 compared to October 2022, with a volume of 68,974 TEUs.

"The fading of supply chain congestion caused by pandemic-related disruptions continues to bring exporters back," said the Californian port.

Full imports are down 8% year-over-year with volumes having stabilised around 70,000 TEUs per month.

"Although national consumer spending may be dampened, consumer spending remains strong in the home market of Northern California. However, it has declined somewhat from the heights it reached during the pandemic," said a port official.

“Import growth is expected to remain flat as traffic continues to stabilize after the significant spikes we saw during the pandemic years,” says Port of Oakland Maritime Director Bryan Brandes. “Shipping rates remain low and carriers are signaling that will remain well into 2024.”

[Read from the original source.]