Port of Oakland Sees Decline in Container Volume in June 2023, Aims for Recovery with Labor Agreement and Improved Operations

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Written By Jennifer Joslyn

🚢 Port of Oakland Sees Decline in Container Volume in June 2023, Aims for Recovery with Labor Agreement and Improved Operations.

The Port of Oakland experienced a decline in total container volume in June 2023 compared to the same month last year. Full TEUs dropped by 26.5%, with imports and exports also experiencing significant declines. Importers had been diverting cargo to East Coast and Gulf Coast ports due to labor negotiations uncertainty, but with a recent agreement reached, cargo is expected to return to West Coast ports. While challenges like weak consumer demand and high inventory levels persist, operational improvements and settlement of labor contracts offer opportunities for container volume recovery. Ships' average stay in port has improved, leading to greater efficiency in maritime operations.

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Jennifer Joslyn
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