APL’s average revenue per FEU carried during the period plummeted to $2,402, from $2,916 during the same period in 2010. Year-to-date, average revenue per FEU has fallen 9 percent, to $2,544.
Meanwhile, the line’s volume continued to grow. In the Sept. 24 through Oct. 21 period, volume surged 13 percent, to 241,100 TEUs. For the year, APL’s volume is 2.4 million TEUs, 8 percent higher than in 2010.
“The increase in volume was mainly due to higher volumes carried on the Intra-Asia trade lane,” NOL said. “The decline in average revenue per FEU was mainly due to lower rates in the major trade lanes.”
