The Port of Oakland saw cargo volumes grow by double digits in March, according to data released by the port April 24.
The Northern California seaport moved 19.1% more cargo overall last month than it did in March 2023, handling 202,816 TEUs, the data show.
For the fifth straight month, full imports at the port rose year over year with a 38.4% spike from March 2023, moving 83,483 imported TEUs last month, a result of “rising incomes and rising net worth among consumers in major Northern California markets,” the port said in a statement.
Loaded exports also climbed for a fourth consecutive month with a 14.8% jump from March 2023, handling 75,352 TEUs last month. March also marked the busiest monthly total for full outbound cargo at the port since April 2021.
“I am encouraged that the positive cargo trends we are seeing in 2024 continue,” the port’s Maritime Director, Bryan Brandes, said. “A strong economy and the need for retailers to replenish stock in their warehouses are driving import cargo activity today.”
