|P R E S S R E L E A S E
FOR IMMEDIATE RELEASE
TraPac to nearly double size of its terminal at Port of Oakland
If approved, 14-year lease would add two ship berths, 57 acres of land
Oakland, Calif. – Oct. 14, 2016: TraPac, LLC has reached agreement to nearly double its marine terminal size at the Port of Oakland. Wilmington, Ca-based TraPac said today it plans to lease an additional 57 acres and two vessel berths on the Port’s Outer Harbor.
If the deal is approved, it would greatly strengthen TraPac’s position as the second-largest terminal operator in Oakland.
TraPac disclosed its plans at a meeting of Oakland’s Board of Port Commissioners last night. The proposed 14-year lease agreement with the Port becomes final if the Board approves it at a meeting Oct. 27.
“This is a significant step forward for TraPac and the Port,” said Port Maritime Director John Driscoll. “TraPac gets room to expand its thriving business and the Port gets to revitalize valuable property with a highly respected tenant.”
Marine terminals load and unload containerships in Oakland. They release containerized imports to cargo owners. They also accept exports for overseas shipment.
TraPac handles 20 percent of the containerized cargo moving through the Port of Oakland. It manages two vessel berths and 66 acres of land. Under the new agreement, it would have four berths and 123 acres. Much of the land would be used for cargo handling. That’s expected to be increasingly important as volume grows at the Port. With more acreage, the terminal can implement new procedures to improve efficiency and get containers in-and-out of Oakland faster.
“Our business is growing and placing new demands on our operations,” said TraPac Oakland General Manager Mike Porte. “With this new agreement we can meet the demands and the service expectations of our customers.”
TraPac is one of the nation’s best-known terminal operators. It began Oakland operations in 1991. It manages other terminals in Los Angeles and Jacksonville, Florida.
According to the Port, TraPac will invest to upgrade and modernize the new terminal acreage under its control in Oakland. Among other things, TraPac plans to construct a new gate to give harbor truckers better access to the terminal.
“With this expansion, we’re demonstrating our long-term commitment to Oakland,” said Mr. Porte. “TraPac and the Port share a common value – good customer service – so we see this partnership growing even stronger over time.”
About the Port of Oakland The Port of Oakland oversees the Oakland seaport, Oakland International Airport, and 20 miles of waterfront. Together with its business partners, the Port supports more than 73,000 jobs in the region and nearly 827,000 jobs across the United States. Connect with the Port of Oakland and Oakland International Airportthrough Facebook, or with the Port on Twitter, YouTube, and at www.portofoakland.com.
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