{"id":440887,"date":"2025-03-13T07:00:00","date_gmt":"2025-03-13T11:00:00","guid":{"rendered":"https:\/\/canada.constructconnect.com\/?p=440887"},"modified":"2025-03-12T14:40:19","modified_gmt":"2025-03-12T18:40:19","slug":"port-of-vancouver-reaches-record-cargo-volumes-in-2024-as-crude-oil-exports-soar","status":"publish","type":"post","link":"https:\/\/canada.constructconnect.com\/joc\/news\/economic\/2025\/03\/port-of-vancouver-reaches-record-cargo-volumes-in-2024-as-crude-oil-exports-soar","title":{"rendered":"Port of Vancouver reaches record cargo volumes in 2024 as crude oil exports soar"},"content":{"rendered":"<p>VANCOUVER \u2014 The Port of Vancouver moved a record amount of goods through its gates last year, an increase fuelled largely by surging oil exports enabled by the Trans Mountain pipeline expansion.<\/p>\n<p>Total freight at the country\u2019s biggest port grew five per cent year-over-year to reach 158 million tonnes in 2024, the Vancouver Fraser Port Authority said recently.<\/p>\n<p>Crude oil exports climbed 527 per cent thanks to the Trans Mountain pipeline expansion that began operations last spring.<\/p>\n<p>The project twinned the existing pipeline and nearly tripled its capacity at a total cost of $34 billion. The pipeline extends from a storage terminal in Edmonton to the Rockies before winding southwest to a terminal in Burnaby, B.C.<\/p>\n<p>\u201cTrans Mountain\u2019s expansion coming into operation last May was a significant milestone for Canada and the port, adding export capacity and opening up new opportunities for Canadian producers,\u201d said port authority CEO Peter Xotta in a release.<\/p>\n<p>Container traffic recovered in 2024, rising 11 per cent from 2023 in a return to pre-pandemic levels. The boost came on the heels of a post-COVID dip, which in turn followed a spike driven by demand for consumer items at the height of the pandemic. Household goods and construction materials led the resurgence of products imported via steel box.<\/p>\n<p>Several hurdles hampered port activity last year. Among them were extreme weather \u2014 wildfires and low temperatures halted freight trains at various points \u2014 and work stoppages at B.C. ports and both major railways.<\/p>\n<p>Nearly 470,000 vehicle imports \u2014 another record \u2014 rolled onto the docks last year in a three per cent increase driven by Canadians\u2019 appetite for new cars, the port authority said.<\/p>\n<p>Canola shipments increased 23 per cent, but wheat volumes \u2014 by far the biggest grain category \u2014 fell 10 per cent year-over-year.<\/p>\n<p>Log exports dropped 38 per cent and mineral shipments 21 per cent. Coal exports dipped two per cent in 2024.<\/p>\n<p>However, another type of traffic hit a new high-water mark. Cruise ship passenger volumes swelled to a record 1.33 million, jumping seven per cent from the 1.24 million cruisers who made landfall in Vancouver Harbour in 2023, most of them en route to or from Alaska.<\/p>\n<p style=\"text-align: center;\"><strong>\u00a92025 The Canadian Press<\/strong><\/p>\n<div class=\"cc-elementor-widget-container print-hidden align\">\t\t<div data-elementor-type=\"section\" data-elementor-id=\"434027\" class=\"elementor elementor-434027\">\n\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bf815cb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bf815cb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e0915b1\" data-id=\"e0915b1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-709ff85 elementor-widget elementor-widget-html\" data-id=\"709ff85\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div style=\"display: flex; justify-content: center;\">\n  <div class=\"hs-cta-embed hs-cta-simple-placeholder hs-cta-embed-186399779934\"\n  style=\"max-width:100%; max-height:100%; width:600px;height:350px\" data-hubspot-wrapper-cta-id=\"186399779934\">\n  <a href=\"https:\/\/cta-service-cms2.hubspot.com\/web-interactives\/public\/v1\/track\/redirect?encryptedPayload=AVxigLJmGK8iqthYhtT%2BmJUXo1%2BRgcnhCJeXxQTBSr2sacnO0pMKrB9O1v2ZNF0ePn8YlTYFrN%2BxUaSAg%2FLG1ctqryzPLLKldJxALjdMA6KzA9%2BW7%2BdWSTsLdU%2BBqZRn2tPXOQhxx1JPA7z9%2FHaoNrHmhYPA6IuhspBU6o3ufO5r7mBK9VUvMqwwYc8eg1H9H59pvdFAnAK9nhkIhrOMLTiFEXvRfpUVhZguYDjWbt0EzIg%3D&webInteractiveContentId=186399779934&portalId=2347101\" target=\"_blank\" rel=\"noopener\" crossorigin=\"anonymous\">\n    <img alt=\"600X350_New2\" loading=\"lazy\" src=\"https:\/\/no-cache.hubspot.com\/cta\/default\/2347101\/interactive-186399779934.png\" style=\"height: 100%; width: 100%; object-fit: fill\"\n      onerror=\"this.style.display='none'\" \/>\n  <\/a>\n<\/div>\n<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>VANCOUVER \u2014 The Port of Vancouver moved a record amount of goods through its gates last year, an increase fuelled largely by surging oil exports enabled by the Trans Mountain pipeline expansion. Total freight at the country\u2019s biggest port grew five per cent year-over-year to reach 158 million tonnes in 2024, the Vancouver Fraser Port [&hellip;]<\/p>\n","protected":false},"author":31,"featured_media":318948,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"saved","_expiration-date":1773426180,"_expiration-date-type":"delete","_expiration-date-categories":[],"_expiration-date-options":{"expireType":"delete","id":440887}},"categories":[7],"tags":[11129,20991,91924,12259],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Port of Vancouver reaches record cargo volumes in 2024 as crude oil exports soar<\/title>\n<meta name=\"description\" content=\"The Port of Vancouver moved a record amount of goods through its gates last year, an increase fuelled largely by surging oil exports enabled by the Trans Mountain 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