By Canadian Press

Port of Vancouver boasts record cargo volume, despite strike and cooling economy

Mar 22, 2024 | 9:03 AM

VANCOUVER — The Vancouver Fraser Port Authority says record cargo volume rolled through its terminals last year, despite a sputtering global economy and a big drop in container shipments.

An unprecedented 150.4 million tonnes of bulk, breakbulk and container goods traversed the docks at the country’s largest port, a six per cent increase over the previous year.

The port authority says bulk exports — including grain and petroleum — as well as container exports and auto imports drove the increase.

However, overstocked retail inventories helped drag down overall container imports.

An economic slowdown, a 13-day strike by B.C. dockworkers in July and ongoing disruptions along the Red Sea and Panama Canal trade routes all posed challenges to smooth operations at the Port of Vancouver.

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Port authority CEO Peter Xotta says the 12 per cent boost in exports to 142 countries in spite of those hurdles showcases the value of a diverse range of shipment types and national partners.

This report by The Canadian Press was first published March 22, 2024.

The Canadian Press

<!– Photo: 2024032211038-65fd9eead8eefcb7b34ac7e4jpeg.jpg, Caption:

The Vancouver Fraser Port Authority says a record cargo volume rolled through its terminals last year, despite a sputtering global economy and a big drop in container shipments. Transport trucks carry cargo containers at port in Vancouver, on Friday, July 14, 2023. THE CANADIAN PRESS/Darryl Dyck

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