APL’s volume up, revenue down
Neptune Orient Lines, parent company of Singapore-based ocean carrier APL, reported that the line’s revenue per 40-foot equivalent units (FEU) decreased 9 percent during the four-week period ended Aug 25, while its container volume rose 11 percent.
APL transported 171,300 FEUs during the period, up from 154,200 FEUs in the same period last year. At the same time, APL’s average revenue per FEU dropped to $2,651 from $2,924 a year ago.
For the year to date, APL’s volumes are up 7 percent to 1.35 million FEUs from 1.26 million FEUs. Average revenue per FEU for the year so far has dropped 6 percent to $2,650 from $2,811.
APL’s volume up, revenue down
