How Tianjin's Aftermath is Affecting West Coast Ports

Elementum

The Port of Oakland, on the other hand, posted an increase of 8.7 To get back on track, the Port of Oakland announced that they are hiring 400 more workers to ensure the speed and efficiency to customers. Any dip in cargo traffic from Tianjin will have a big effect on West Coast container traffic, and there are already reports of factories and warehouses closing indefinitely as inventory and buildings see irreparable damage.

Letter from the CEO: Coronavirus Market Update

Transplace

Los Angeles / Long Beach and Oakland have severe congestion due to lack of space for empty containers that are awaiting backhaul vessels to China / Asia. to Asia export bookings especially in markets with low container inventory. VLSFO (Very Low-Sulfur Fuel Oil) $315 per metric ton 3/12 comparted to $740 per metric ton in January 2020 = 57% decrease. Letter from the CEO: Coronavirus Market Update. By: Frank McGuigan, Chief Executive Officer, Transplace.