Port of Oakland kicks off 2025 on strong note

The Port of Oakland reported that the January loaded container volume reached 146,187 TEUs, translating to an 8.5% increase over the first month of 2024.

“Strong import growth reflects the resilience of Northern California’s economy and the confidence cargo owners have in our gateway,” said Port of Oakland Maritime Director Bryan Brandes.

He went on to add: “Export volumes remain steady, highlighting the continued global demand for U.S. agricultural and manufactured goods. This growth is a...

https://container-news.com/port-of-oakland-kicks-off-2025-on-strong-note/

Port of Oakland presents 5-year strategic plan

Port of Oakland leaders presented their strategic objectives for the upcoming five years. The annual ‘State of the Port’ event, sponsored by the Pacific Merchant Shipping Association and Women in Logistics, which was fully booked and also streamed live, took place at Scott’s Pavilion in Oakland’s Jack London Square on 26 February.

Port of Oakland Executive Director Danny Wan expressed his gratitude to the Port’s longstanding business partners, customers, communities, and elected officials.

Board...

https://container-news.com/port-of-oakland-presents-5-year-strategic-plan/

Port of Oakland Board appoints first female Executive Director

The Oakland Board of Port Commissioners has appointed Kristi McKenney as the new executive director of the Port, following the announcement of Danny Wan’s retirement on 28 February.

“I’m grateful and excited for this opportunity to lead during such a transformative time in Port history. I look forward to implementing the Port’s 5-year Strategic Plan that will help grow local employment and contracting opportunities and strengthen our economic base,” stated McKenney.

McKenney’s appointment was...

https://container-news.com/port-of-oakland-board-first-female-executive-director/

Port of Oakland unveils 2025-2030 Strategic Plan

The Oakland Board of Port Commissioners has approved the Port’s Strategic Plan for 2025-2030, outlining a comprehensive blueprint for the next five years.

The plan prioritizes market growth, job creation, and the modernization of the facilities and operations, reflecting the Californian port’s commitment to progress and innovation.

“The Port is a growing, vibrant center for regional and international commerce, travel, recreation, and clean energy innovation,“ said Port of Oakland Commission...

https://container-news.com/port-of-oakland-strategic-plan/

Port of Oakland expects return to pre-pandemic cargo volumes

The Port of Oakland saw surging container imports continue in November, the 13th straight month of increased loads for the Northern California gateway. 

Full imports increased 13.1% in November from the same month in 2023. The port handled 80,580 twenty-foot equivalent units, compared to 71,258 TEUs a year ago.

“We are optimistic that strong container volume will continue through the end of the year,” said Carolyn Almquist, the port’s manager of business development and international marketing....

https://www.freightwaves.com/news/port-of-oakland-expects-return-to-pre-pandemic-cargo-volumes

Port of Oakland on track to return to pre-Covid volumes

Port of Oakland’s total cargo volume shot up 10% year-to-date, January through November 2024, compared to the same period in 2023.

“We are optimistic that strong container volume will continue through the end of the year,” pointed out Port of Oakland Manager of Business Development and International Marketing Carolyn Almquist. “We expect to be on track to return to our pre-pandemic baseline cargo numbers. Our total inbound and outbound volume is up, and agricultural exports are boosting our...

https://container-news.com/port-of-oakland-on-track-to-return-to-pre-covid-volumes/

Port of Oakland secures US$10.5 million grant for vehicle electrification

The Environmental Protection Agency (EPA) has awarded the Port of Oakland US$10.5 million through its Clean Heavy-Duty Vehicle grant program.

The funding will support the transition from fossil-fuel-powered vehicles to zero-emissions (ZE) technology across Oakland, Richmond, and San Francisco.

This grant is part of the Biden-Harris Administration’s US$735 million Investing in America initiative, which allocates US$135 million to 13 projects in California to replace heavy-duty vehicles with ZE...

https://container-news.com/port-of-oakland-secures-us10-5-million-grant-for-vehicle-electrification/

Moody’s affirms Port of Oakland’s A1 stable rating

Moody’s Investors Service has affirmed the Port of Oakland’s senior lien rating at A1 with a stable outlook.

This rating underscores the Californian port’s robust liquidity, strong debt service coverage ratio, controlled capital expenditure plans, and substantial long-term debt capacity.

Moody’s highlighted several key factors supporting this credit rating:

  • A diverse and economically stable service area that drives demand for both cargo and travel.
  • The Oakland Seaport’s strategic role as Northern...

https://container-news.com/moodys-affirms-port-of-oaklands-a1-stable-rating/

Port of Oakland reports container volume growth

The Port of Oakland continues to experience growth in container volumes.

“Overall, the Port’s loaded import cargo is trending towards its pre-pandemic level,” stated Bryan Brandes, Maritime Director at Port of Oakland.

He added, “This steady increase in import volume in 2024 is an encouraging trend. We are also seeing a rise in US agricultural exports through Oakland. Thanks to refrigerated warehousing on Port property near the maritime terminals and convenient truck and rail access, we are...

https://container-news.com/port-of-oakland-reports-container-volume-growth/

China’s Greater Bay Area to rival New York and Silicon Valley as global tech and economic hubs

The Greater Bay Area (GBA) initiative is a cornerstone of Beijing’s long-term vision for economic development and global competitiveness.

By integrating Hong Kong, Macau, and nine cities in Guangdong province into a cohesive economic cluster, the GBA aims to rival leading global economic hubs like the New York Metropolitan Area and the San Francisco Bay Area.

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https://container-news.com/chinas-greater-bay-area-to-rival-new-york-and-silicon-valley-as-global-tech-and-economic-hubs/