Port of Oakland loaded box volume declines in May as expected
COVID-19 impacts: Full imports and exports down 14.6; 10.7 percent respectively
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U.S.-bound import growth track remains promising, notes Port Tracker report Q&A: Port of Oakland Maritime Director Bryan Brandes Signs of progress are being made towards moving cargo in and out of Baltimore New Breakthrough ‘State of Transportation’ report cites various challenges for shippers and carriers in 2024 Industry experts examine the impact of Baltimore bridge collapse on supply chains More PortsPort of Oakland loaded container volume decreased 12.7 percent last month from May 2019 totals, according to data released today.
As reported in LM, the port had been expecting cargo decline due to continued COVID-19 impacts on global shipping.
The port’s communications director, Mike Zampa, pointed to lower consumer demand in domestic and foreign markets, “both driven by coronavirus pandemic uncertainty,” as the main reason for declining trade volume.
“Since March, the port has seen indications of more significant cargo declines, so the May results are not unexpected,” said Port of Oakland Acting Maritime Director Delphine Prevost. “Ocean carriers have been reducing the number of vessels in service in anticipation of expected declines in import demand. It’s created challenges for exporters who are seeing less predictable vessel schedules and facing issues with finding capacity for their exports.”
According to port spokesmen, May 2020 loaded import volume dropped 14.6 percent from May 2019. Loaded exports declined 10.7 percent. The return of empty containers to Asia decreased 28 percent. As a result, total cargo volume declined 16.8 percent.
Overall, the January-to-May 2020 cargo statistics show a 7.8 percent decrease compared to the same time period in 2019.
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U.S.-bound import growth track remains promising, notes Port Tracker report Q&A: Port of Oakland Maritime Director Bryan Brandes Signs of progress are being made towards moving cargo in and out of Baltimore New Breakthrough ‘State of Transportation’ report cites various challenges for shippers and carriers in 2024 Industry experts examine the impact of Baltimore bridge collapse on supply chains Port of Baltimore closed indefinitely to ships after 1.6-mile Key Bridge collapses following maritime accident February and year-to-date U.S. import growth is solid, reports S&P Global Market Intelligence More PortsLatest in Logistics
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April 2023 Logistics Management
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