U.S. Container Imports Decline 7.5% in October Amid Trade Policy<\/a><\/p>\n\u201cThat reflects changes in how shipping lines are managing their equipment \u2013 not a slowdown in cargo demand,\u201d the port said in a release.<\/p>\n
Carriers shifted some tonnage and adjusted rotations to minimize their exposure ahead of the Oct. 14 imposition of expensive U.S. port fees on Chinese ships. Beijing and Washington have since announced a one-year pause in the fees as part of a broader trade agreement.<\/p>\n
\u201cFull imports and exports are holding their ground despite the headwinds,\u201d said Port of Oakland Maritime Director Bryan Brandes. \u201cThe modest month-over-month increase shows cargo flow through Oakland remains steady heading into the holiday season. While were seeing fewer empty containers move through the system, thats just part of the broader market adjustment.\u201d<\/p>\n
The flow of empties \u2013 an indicator of future imports \u2013 has shifted in part to the Canadian ports of Vancouver and Prince Rupert as lines moved business away from some U.S. West Coast hubs.<\/p>\n
The port saw 86 vessel calls in October, 6.5% fewer year-over-year, consistent with ocean carriers ongoing schedule and service network adjustments.<\/p>\n
\u201cCargo owners and ocean carriers remain cautious,\u201d said Brandes. \u201cTrade flows are adapting to new sourcing patterns and shifting global demand, but Oakland continues to perform steadily in our core full-container business.\u201d<\/p>\n
Source: IndexBox Market Intelligence Platform\u00a0\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The Port of Oakland handled 182,879 twenty foot equivalent units (TEUs) in October, a gain of 2.2% from…\n","protected":false},"author":2,"featured_media":60263,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[4554,36575,36576,143,145,144,33943,23571,36577],"class_list":["post-60262","post","type-post","status-publish","format-standard","has-post-thumbnail","category-oakland","tag-container-shipping","tag-global-logistics","tag-global-trade","tag-oakland","tag-oakland-headlines","tag-oakland-news","tag-shipping-industry","tag-supply-chain","tag-supply-chain-management"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/60262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=60262"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/60262\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/60263"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=60262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=60262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=60262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}