APL’s average revenue continues to slide

APLÆs average revenue continues to slide APL’s revenue per 40-foot equivalent units (FEU) dropped 7 percent during the six-week period ended Feb. 9, while its container volume rose 17 percent thanks to “robust market growth and pre-Chinese New Year shipments,” parent company Neptune Orient Lines reported.
   Singapore-based APL transported 247,500 FEUs during the six weeks, up from 211,200 FEUs in the same period in the prior year. In the same time frame, APL’s average revenue per FEU dropped to $2,562 from $2,745.