APLÆs 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) dropped 13 percent during the four-week period ended Nov. 17, while its container volume rose 12 percent.
APL transported 167,000 FEUs during the period, up from 147,800 FEUs in the same period last year. At the same time, APL's average revenue per FEU dropped to $2,559 from $2,912 a year ago.
For the year to date, APL's volumes are up 7 percent to 1.85 million FEUs from 1.73 million FEUs. Average revenue per FEU for the year has dropped 7 percent to $2,644 from $2,842.
APL’s volume up, revenue down
