APLÆs average revenue per FEU slides
Neptune Orient Lines, parent company of APL, reported that the ocean carrier's revenue per 40-foot equivalent units (FEU) dropped 10 percent during the six-week period ended Dec. 29, while at the same time its container volume rose 12 percent, 'reflecting changes in both rates and trade mix.'
Singapore-based APL transported 244,800 FEUs during the period, up from 219,400 FEUs in the same period last year. At the same time, APL's average revenue per FEU dropped to $2,543 from $2,829 a year ago.
For the year, APL's volumes were up 8 percent to 2.1 million FEUs from 1.9 million FEUs in 2005. Average revenue per FEU for the year dropped 7 percent to $2,632 from $2,841.
NOL also said that APL Logistics' full-year revenue improved 2 percent to $1.3 billion.
APL’s average revenue per FEU slides
