Port of Oakland Reports Unexpected Rise in Imports During June

Port of Oakland Reports Unexpected Rise in Imports During June

July 10,2020 –TheMaritimeExecutive.com

In a surprise development, the Port of Oakland reported an increase in loaded import volumes in June. Since March and the onset of the global pandemic, the port had seen indications of significant cargo declines but the current increase reversed those trends. Oakland reported that loaded import volume grew 1.9 percent in June compared to the year earlier. According to port officials, the gain was unexpected given that shipping lines canceled 10 percent of their scheduled Oakland visits due to the trade-related impact of coronavirus. In the prior month, loaded import volume dropped nearly 15 percent Oakland reported.

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