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APL: Rates dip, volumes up

APL: Rates dip, volumes up

   APL said its average revenue per 40-foot equivalent unit was $2,560 per FEU in the four weeks ending March 11, down 1 percent from the same 2010 period.

   But rates have fallen from their seasonal high last summer of $3,181 per FEU in July/August.

   APL said it moved 212,700 FEUs in the four-week period ending March 11, 12 percent more than in the same 2010 period.

   For the year to date, rates are 6 percent ahead of last year and volumes are 8 percent higher.