Monday, January 21, 2019

Oakland Sees TEU Record

By Karen Robes Meeks

On Tuesday, the Port of Oakland announced it had handled 2.55 million TEUs in 2018, 5.2 percent higher than in 2017 and a record year for the Northern California port.

It’s the second consecutive year of record volume for Oakland, which also saw a 5 percent jump in imports and a 3.5 percent decline in exports. Port officials attributed those figures to several factors, including a strong US dollar, higher demand for empty containers and a push by shippers to hasten imports in the face of pending tariffs.

“Last year was the busiest one ever at the port for a variety of reasons,” said Port of Oakland Maritime Director John Driscoll. “Our objective now is to build on this performance to grow import and export volume.”