Oakland Export Volume Jumped 15.4% in
March 13, 2020
of Oakland containerized export volume
increased 15.4 percent last month over
February 2019, according to data published
today. It was the busiest February for
export cargo in the past six years, the Port
said. Oakland exports have now increased
year-over-year in five consecutive months.
Chinese factory closures to combat coronavirus have reduced output of finished goods sent to the U.S. in containers.
Shipping lines have canceled 20 voyages to Oakland between February and April, the Port said. That’s a result of reduced demand for ship space because of China’s manufacturing downturn. Ocean carriers are scuttling dozens more sailings to ports worldwide through spring. The result is likely to be a decline in March import volume, as well, the Port said.