24
Jan
Port of Oakland cargo volumes were down in December as well as 2022 as a whole when compared to the year prior, according to data released by the port Jan. 17. Overall cargo last month fell 8.1% year over year with 123,868 loaded TEUs. Full imports tumbled 17.1% year over year with 65,566 TEUs while full exports were up 4.6% with 58,302 TEUs from December 2021, port data show. For 2022, the Northern California seaport moved 2.3 million TEUs, an estimated 4% drop from 2021. High domestic inventory from softened consumer demand and declining freight rates are affecting cargo numbers,…