October Cargo Volumes Rise at Oakland Seaport

October Cargo Volumes Rise at Oakland Seaport

The Port of Oakland saw its cargo volumes rise 5.9% in October compared to the same time a year ago, handling 145,868 loaded TEUs, according to new data released by the port Nov. 17. The Northern California seaport also reported a 4.8% uptick in loaded exports with 66,408 TEUs and 6.7% jump in full imports with 79,459 TEUs last month compared to October 2021. Even with last month’s cargo gains, it’s “insufficient to reverse the declines from earlier this year,” with long-term indicators forecasting overall declining import cargo numbers, the port declared in a statement. Declining freight rates and high…
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Port of Oakland’s Bond Rating Affirmed

Port of Oakland’s Bond Rating Affirmed

The Port of Oakland’s A+ rating for outstanding senior bonds and A rating for outstanding Intermediate Lien and underlying bank bonds have been affirmed by Fitch Ratings, which also said the rating outlook on all bonds is considered stable, the port said Nov. 14. “These ratings reflect continued commitment to prudent financial management and stability,” port Executive Director Danny Wan said. “They represent great dedication and professional excellence by our port staff and the port board.” The Northern California seaport’s ratings reflect the port's various streams of revenue, which include aviation, commercial real estate, maritime and utilities, according to Fitch.…
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Port of Oakland, Lawmakers Meet with Supply Chain Stakeholders

Port of Oakland, Lawmakers Meet with Supply Chain Stakeholders

Congressional lawmakers and federal and state officials talked about port bottleneck challenges at a congressional supply chain stakeholder meeting hosted this week at the Port of Oakland, the port revealed Nov. 2.  The meeting, which took place in Jack London Square, was helmed by Rep. Jim Costa (D-Fresno) and Rep. Mike Thompson (D-Napa) and featured Rep. Barbara Lee (D-Oakland) and Rep. John Garamendi (D-Fairfield). “During the pandemic, international trade on the California coast was disrupted in an unprecedented way,” Lee said. “We know how much these delays have harmed California’s critical agricultural industry and those who rely on these producers.…
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Port of Oakland Cargo Volumes Down in September

Port of Oakland Cargo Volumes Down in September

Loaded cargo container volumes at the Port of Oakland dropped 7.9% last month from the same time a year ago, according to data released by the port Oct. 28. The Northern California seaport handled 132,599 loaded TEUs in September, which was lower than the 143,991 TEUs it moved in September 2021.  Imports fell 4.9% to 77,803 TEUs last month, while loaded exports dropped by 12%, to 54,756 TEUs year over year. So far this year, Oakland is moving 5% fewer imports than it did during the same nine-month period in 2021. The port attributed the declining import numbers to a…
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Port of Oakland Head Elected to AAPA Board

Port of Oakland Head Elected to AAPA Board

Port of Oakland Executive Director Danny Wan has been elected by the American Association of Port Authorities’ Board of Governors to the U.S. South Pacific Ports delegate position on the AAPA’s governing board. Wan’s election was made official at the organization’s Annual Convention & Exposition in Orlando on Oct. 17. “I appreciate the confidence the AAPA placed in me, and I’m honored to represent the California, Hawaii and Guam public ports delegation,” said Wan, who is also president of the California Association of Port Authorities. “I’m excited to work with the national port community and leadership to advance important port…
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Port of Oakland Extends Renewable Energy Contract

Port of Oakland Extends Renewable Energy Contract

The Oakland Board of Port Commissioners has extended its contract with East Bay Municipal Utility District to buy renewable energy, a move that gives the port access to renewable electricity for 2.5 more years for tenants and customers within the port, the Oakland seaport said Oct. 21. The port has been buying energy for the last decade under a power purchase agreement. “This helps us to exceed regulatory requirements for renewable sources of electricity for our current and future needs,” Port Utilities Administration Manager Jared Carpenter said. “This is good for our community and continues our valuable partnership with EBMUD.”…
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Calif. Transportation Secretary Visits Port of Oakland

Calif. Transportation Secretary Visits Port of Oakland

The Port of Oakland hosted California State Transportation Agency Secretary Toks Omishakin in late September for a tour of port operations and a talk about facility upgrades and sustainability projects, including those related to zero emissions and renewable energy. “The Port of Oakland is a critical link in our state and national supply chain,” Omishakin said. “As California makes historic investments in our supply chain infrastructure under Gov. Gavin Newsom, I look forward to continue working with the Port of Oakland to help create a safer, cleaner, more efficient and more equitable goods movement system that continues to power our…
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Port of Oakland Partners on Transportation, Logistics Workforce Training

Port of Oakland Partners on Transportation, Logistics Workforce Training

The Port of Oakland and the West Oakland Job Resource Center are teaming up to provide training for workers for green jobs in the transportation and logistics industry, the port announced Sept. 26. The center, which launched the “Greening the Transportation, Distribution and Logistics Industry” initiative, netted a $350,000 California Energy Commission’s Clean Transportation Program grant, which is part of the commission’s $100 million annual investment to communities by fast-tracking the development and deployment of green transportation and fuel technologies, the port said. The project seeks to create roads to good-paying, quality jobs in marginalized communities. Those in the program…
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White House Port Envoy and Oakland Officials Meet, Discuss Supply Chain Solutions

White House Port Envoy and Oakland Officials Meet, Discuss Supply Chain Solutions

The White House’s Port and Supply Chain Envoy, retired U.S. Army General Stephen R. Lyons, toured the Port of Oakland on Aug. 29 and met with port officials and stakeholders. Lyons has been visiting U.S. ports to address on-going supply chain issues in America. He toured the Oakland Seaport to take a first-hand look at the maritime operations and learn more about Oakland’s port terminal activities. Lyons met with Port of Oakland Executive Director Danny Wan and Maritime Director Bryan Brandes to discuss the challenges Oakland’s maritime activities are facing and continue the federal dialogue to support solutions to goods movement at Oakland. “I am committed to looking for ways to stabilize the entire supply…
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Port of Oakland OKs Clean Energy Project Design Contract

Port of Oakland OKs Clean Energy Project Design Contract

The Port of Oakland has approved a $2 million design contract for a clean energy project at the Northern California seaport, the port announced Monday, Aug. 22. Engineering design consulting company Burns & McDonnell has been selected to perform the work, which would involve injecting green technology and resiliency elements to the electrical infrastructure design of the project that would serve the former Oakland Army Base and Outer Harbor areas and bolster its electrical grid resiliency, according to the port. That electrical infrastructure encompasses “solar generation, battery storage systems, a fuel cell and the replacement of a substation and connecting…
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