Port of Oakland cargo up 6 percent to 1,152,608 TEUs in January - June 2016
The Port of Oakland’s total cargo volumes are up 6 percent over the same period a year ago. The Port has reported that terminals handled 1,152,608 TEUs between January to June 2016. A TEU is a 20-foot equivalent unit, which is a standard measure in the container shipping industry. During the same period in 2015, the volume was 1,087,417 TEUs. Total volume includes loaded and empty containers.
When looking at fully-loaded containers, the Port’s imports and exports have grown 10.1 percent compared with the same January to June period in 2015. The Port continues to see a balance between import (49%) and export (51%) cargo volumes through the Oakland gateway.
When comparing loaded and total container volumes for the month of June 2016 versus June 2015, the data shows a 2.2 and 4.6 percent decline respectively. The decline in total TEUs in June 2016 versus June 2015 was driven primarily by approximately 15 percent fewer export empty containers handled. The decline in loaded TEUs in June 2016 versus June 2015 was driven by a modest decline in export volumes. The Port said that the export decline is due to softening scrap and waste paper shipments.
About the Port of Oakland:
The Port of Oakland oversees the Oakland seaport, Oakland International Airport, and 20 miles of waterfront. Together with its business partners, the Port supports more than 73,000 jobs in the region and nearly 827,000 jobs across the United States.
