The Port of Oakland’s containerized import volume increased by 7.3% last month over January 2019 totals.
According to the Port, exports also increased, “raising hopes of recovery from a U.S.-China trade war.
However, in the face of the threat of the coronavirus, Port of Oakland maritime director John Driscoll said that “the upturn in January was encouraging, but shipping lines tell us that cargo volume could moderate in the coming months.
Quarantines and other emergency measures have slowed Chinese manufacturing production, according to reports. As a result, shipping lines are canceling some spring trips to the United States. The Port said it could take several months to determine the impact of the contagion on global supply chains.
Oakland’s year-over-year increase in import volume in January followed three consecutive months of decline. Exports rose 3.3% in January, for the fourth consecutive month.
The port reported that its total cargo volume in January, including imports, exports and repositioning of empty containers, decreased by 0.6 per cent. It handled 17.7% fewer empty containers than in the same period last year.