Volumes at the Port of Oakland fell 10% year over year to 166,378 total TEUs in November, reflecting a fourth-consecutive month of declining volumes.
The largest drop was in its total empty containers, with a 36% decrease compared to last year.
"We saw some canceled sailings in November as evidenced by the dip in vessel calls last month," Port of Oakland Maritime Director Bryan Brandes said in a press release. "This caused our volumes to drop."
Loaded import containers processed at the Port of Oakland stood at 71,258 total TEUs, up 4% YoY compared to 68,646 total TEUs.
This year, the port did not see its usual spike in import cargo volumes during late summer and the fall, according to the release.
"Consumers continue to spend, and our local economy is growing, so the lack of an upswing in cargo volume is likely because retailers are working though excess inventory," Brandes said. "Meanwhile, we’ve been investing and implementing projects that will improve the efficiency of our maritime operations."
