APL’s average revenue per FEU down 1%
Singapore’s Neptune Orient Lines reported that its shipping line subsidiary APL’s revenue per 40-foot equivalent units (FEU) declined 1 percent during the four-week period ended May 4.
APL carried 177,500 FEUs during the period, up 13 percent from 157,100 FEUs in the same period last year. At the same time, APL’s average revenue per FEU dropped to $2,606, from $2,631 a year ago.
For the year to May 4, APL’s volumes were up 11 percent to 759,600 FEUs with average revenue per FEU down 5 percent to $2,554.
APL’s average revenue per FEU down 1%
