APL volumes, rates up

APL volumes, rates up    Neptune Orient Line said Monday that container carrier subsidiary APL moved 189,100 40-foot equivalent units in the four-week period ending March 5, 37 percent more than in the same 2009 period.
   Rates averaged $2,575 per FEU in the period, 8 percent more than the same period the prior year due to improved core freight rates and higher bunker recovery, the Singapore carrier said.
   In the first 10 weeks of its current operating year, APL has moved 496,600 FEUs, 52 percent more than in the same 2009 period. During that 10-week period, rates have trended upwards, but averaged $2,477 per FEU, 2 percent lower than in the same 2009 period.