The Port of Oakland experienced a 5.4% increase in loaded container volume in August 2024 compared to the same month in 2023. The rise is driven by a significant 14.9% increase in loaded imports, signaling strong U.S. demand for Asian products. Export volumes, while slightly down for the month, are showing year-over-year growth for the first time since 2019.
Rising Imports and a Strong Holiday Outlook
In August 2024, the Port handled 83,272 TEUs of loaded imports, reflecting increased orders from U.S. manufacturers. Looking ahead, the Port expects strong import volumes in the fourth quarter, driven by consumer spending during the holiday season.
Fluctuations in Exports and Empty Containers
Although loaded exports declined by 5.5%, the Port anticipates a rebound as harvested crops hit the market. Empty export volumes saw a 25.9% rise, while empty imports dropped by 11.3%, indicating ongoing adjustments in container logistics.
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Source: PORT OF OAKLAND
