Skip to content
Search AI Powered

Latest Stories

Port of Oakland says it has left pandemic-era congestion behind

July container stats show steady rise in loaded boxes over same month last year.

oakland 51407078093_7f130c7dfb_c.jpg

The Port of Oakland is declaring that it has left pandemic-era congestion behind, based on July statistics showing that cargo is flowing more smoothly, as measured by vessel calls continuing an upward trajectory and the length of time each ship spends at berth having decreased.

The port said that loaded container volume climbed in July to its highest level since October 2022. Full twenty-foot containers (TEUs) grew 16.8% in July with the Port handling 136,181 TEUs compared to 116,629 TEUs in that month last year.


Although exports showed a sizable increase compared to the same period last year, July 2022 container volumes were abnormally low. And despite the spike in exports, July 2023 volume is lower than the 2023 monthly average year-to-date.

Meanwhile, empty imports increased 16.5% or 14,196 TEUs in July 2023, compared to 12,185 TEUs in July 2022, while empty exports declined 1.2%, registering 31,179 TEUs in July 2023, down from 31,542 TEUs in July 2022.

Overall, the figures show that a smoother container flow should help the port capture a chunk of the increase in demand, leaders said. “We are encouraged to see container volumes gradually rebounding,” Port of Oakland Maritime Director Bryan Brandes said in a release. “The Port is making great investments at the Oakland Seaport to foster growth which ultimately benefits the local economy and helps power local jobs.”
 
 
 

 

Recent

More Stories

screen shot of AI chat box

Accenture and Microsoft launch business AI unit

In a move to meet rising demand for AI transformation, Accenture and Microsoft are launching a copilot business transformation practice to help organizations reinvent their business functions with both generative and agentic AI and with Copilot technologies.


The practice consists of 5,000 professionals from Accenture and from Avanade—the consulting firm’s joint venture with Microsoft. They will be supported by Microsoft product specialists who will work closely with the Accenture Center for Advanced AI. Together, that group will collaborate on AI and Copilot agent templates, extensions, plugins, and connectors to help organizations leverage their data and gen AI to reduce costs, improve efficiencies and drive growth, they said on Thursday.

Keep ReadingShow less

Featured

holiday shopping mall

Consumer sales kept ticking in October, NRF says

Retail sales grew solidly over the past two months, demonstrating households’ capacity to spend and the strength of the economy, according to a National Retail Federation (NRF) analysis of U.S. Census Bureau data.

Census data showed that overall retail sales in October were up 0.4% seasonally adjusted month over month and up 2.8% unadjusted year over year. That compared with increases of 0.8% month over month and 2% year over year in September.

Keep ReadingShow less
chart of sectors leasing warehouse space

3PLs claim growing share of large industrial leases, CBRE says

Third-party logistics (3PL) providers’ share of large real estate leases across the U.S. rose significantly through the third quarter of 2024 compared to the same time last year, as more retailers and wholesalers have been outsourcing their warehouse and distribution operations to 3PLs, according to a report from real estate firm CBRE.

Specifically, 3PLs’ share of bulk industrial leasing activity—covering leases of 100,000 square feet or more—rose to 34.1% through Q3 of this year from 30.6% through Q3 last year. By raw numbers, 3PLs have accounted for 498 bulk leases so far this year, up by 9% from the 457 at this time last year.

Keep ReadingShow less
chart of global supply chain capacity

Suppliers report spare capacity for fourth straight month

Factory demand weakened across global economies in October, resulting in one of the highest levels of spare capacity at suppliers in over a year, according to a report from the New Jersey-based procurement and supply chain solutions provider GEP.

That result came from the company’s “GEP Global Supply Chain Volatility Index,” an indicator tracking demand conditions, shortages, transportation costs, inventories, and backlogs based on a monthly survey of 27,000 businesses. The October index number was -0.39, which was up only slightly from its level of -0.43 in September.

Keep ReadingShow less
employees working together at office

Small e-com firms struggle to find enough investment cash

Even as the e-commerce sector overall continues expanding toward a forecasted 41% of all retail sales by 2027, many small to medium e-commerce companies are struggling to find the investment funding they need to increase sales, according to a sector survey from online capital platform Stenn.

Global geopolitical instability and increasing inflation are causing e-commerce firms to face a liquidity crisis, which means companies may not be able to access the funds they need to grow, Stenn’s survey of 500 senior e-commerce leaders found. The research was conducted by Opinion Matters between August 29 and September 5.

Keep ReadingShow less