Oakland reports busiest peak season ever for imports

The port handled 82,397 loaded import containers last month, making it the busiest October in its 91-year history.

Oakland reports busiest peak season ever for imports

The port handled 82,397 loaded import containers last month, making it the busiest October in its 91-year history.

Oakland reports busiest peak season ever for imports

The port handled 82,397 loaded import containers last month, making it the busiest October in its 91-year history.

 
   The Port of Oakland reported it had its busiest peak season ever for imports during the past three months.
   The port said Friday that it handled the equivalent of 250,686 loaded 20-foot import containers from August through October, the traditional high-water mark for container shipping. That broke the old peak season import record of 233,825 containers set in the summer and fall of 2017.
   The port attributed the increase in cargo volume to strong U.S. consumer spending. It added that U.S. shippers accelerated cargo growth by rushing imports into the country ahead of a new round of tariffs to be imposed on Chinese goods. The twin influences supercharged peak season, which is the time of year when U.S. retailers build inventories for holiday merchandising, the port said.
   “We’re pleased by our peak season figures,” said Port of Oakland Maritime Director John Driscoll. “Now we’ll see how tariffs affect future trade flows.”
   The port handled 82,397 loaded 20-foot import containers last month, making it the busiest October in the port’s 91-year history. That figure was a 7.4 percent increase over October 2017 volume.

   Total volume — imports, exports and empty containers — was up 3.9 percent through the first 10 months of 2018, the port said, pointing out that if the trend continues, Oakland would set a new cargo volume record for the third straight year.

My fear is that we could have another cycle where freight pulled forward and that we have an extremely early peak this year.

Union Pacific’s net income for Q1 2019 reached $1.4 billion, while CSX’s stood at $834 million, Norfolk Southern's clocked in at $677 million, CP's was C$434 million (U.S. $322 million) and KCS’ totaled $103 million.

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Oakland reports busiest peak season ever for imports

The port handled 82,397 loaded import containers last month, making it the busiest October in its 91-year history.

on Nov 16, 2018AmericanShipper.com

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Oakland reports busiest peak season ever for imports

The port handled 82,397 loaded import containers last month, making it the busiest October in its 91-year history.

on Nov 16, 2018AmericanShipper.com