Port of Oakland cargo volumes rose 8% year over year to 176,013 total TEUs in December, showing signs that cargo processed in Oakland is returning, according to a Jan. 22 press release.
Carrier on-time performance has improved importer confidence while offering needed vessel space for agriculture exporters, Port of Oakland Maritime Director Bryan Brandes said in the press release.
“We anticipate a continued rebound in 2024 as we move on with our plans in modernizing the port and reducing emissions from our maritime operations,” Brandes added.
The Oakland port saw loaded imports up by 16% and loaded export volumes up 13% YoY. Volumes also increased by 6% month over month.
With continued drought-related traffic restrictions at the Panama Canal, West Coast ports are experiencing an uptick in container activity as shippers reroute cargo. The Port of Los Angeles and Port of Long Beach also recently reported cargo rebounds along with Oakland.
West Coast ports saw a 3% bump in market share compared to East and Gulf Coast ports, Port of Los Angeles Executive Director Gene Seroka said during a “State of the Port” address on Jan. 10.