APL’s box revenue up 10%
Singapore-based Neptune Orient Lines Monday reported a 10 percent rise in average revenue per FEU for its ocean carrier subsidiary APL during the four weeks ended Aug. 24, which it said reflects “continued strong container demand growth.”
APL’s average revenue per FEU during the period improved to $2,910, from $2,651 a year ago. At the same time, APL moved 189,600 FEUs, up 11 percent against 171,300 FEUs last year.
For the year, APL’s volume is up 11 percent to 1.49 million FEUs with the average revenue per FEU up 0.4 percent to $2,661.