APL’s average revenue per FEU down
Singapore-based Neptune Orient Lines reported that its ocean carrier subsidiary APL’s revenue per 40-foot equivalent units (FEU) dropped 6 percent during the four-week period ended April 6, despite a container volume rise of 8 percent.
APL transported 176,000 FEUs during the period, up from 162,400 FEUs last year. At the same time, APL’s average revenue per FEU dropped to $2,538, from $2,698 a year ago.
For the year to date, APL’s volumes are up 10 percent to 582,100 FEUs with average revenue per FEU down 6 percent to $2,538.
APL’s average revenue per FEU down
