NOL reports jump in volumes, rates
Neptune Orient Line said Monday its APL subsidiary moved 212,000 40-foot equivalent units in the four-week period ending April 30, 34 percent more than the same period last year.
NOL said the increase was mainly due to higher volumes carried on intra-Asia and transpacific trade lanes.
The Singapore-based carrier said average revenue per FEU was $2,669 or 15 percent above the same period last year, largely due to improved core freight rates in a number of trade lanes, particularly on Asia/Europe, and also higher bunker recovery.
Year to date, NOL said volumes are up 43 percent over 2009 and rates are 5 percent higher.