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Indiaexportnews.com

Oakland shatters 2007 Nov record

  18.12.2018    

The Port of Oakland had its busiest November ever for imports in 2018, shattering an 11-year-old record, as it posted a new high of 83,364 laden TEU last month, beating the old November record of 76,902 TEU set in 2007.
Total volume - imports, exports and empty containers - was up five per cent in the first 11 months of 2018, the port said. If the trend continues, Oakland would set a new cargo volume record for the third straight year.
November imports were up 15 per cent over the same period in 2017. The port attributed the increase in cargo volume to continued strong US consumer spending. It added that importers are rushing cargo into the US in case new tariffs are imposed next year in the ongoing trade war with China.
"We're encouraged by our latest cargo statistics," said Port of Oakland Maritime Director John Driscoll. "At the same time, we remain cautious as we approach the new year with uncertainty."



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