NOL: Freight rates off from summer’s high
NOL said Monday its APL container shipping line handled 220,800 40-foot equivalent units (FEU) in the four weeks ending Nov. 12, 6 percent more than in the same 2009 period.
Average rates were $2,797 per FEU, 25 percent higher than the same period last year, but down from the peak of $3,181 reached in July and August.
It said the drop in average revenue in recent months “was
contributed mainly from the Asia/Europe and Asia/Red Sea trade lanes.”
NOL: Freight rates off from summer’s high
