APL’s revenue slides despite box volume increase

APL’s revenue slides despite box volume increase    Singapore-based APL’s revenue per 40-foot equivalent units (FEU) decreased 11 percent during the four-week period ended July 28, while its container volume rose 11 percent, parent company Neptune Orient Lines reported.
   APL transported 166,200 FEUs during the four-week period, up from 149,800 FEUs in the same period last year. In the same time frame, APL’s average revenue per FEU dropped to $2,648 from $2,963, “reflecting changes in both rates and trade mix,” according to NOL.
   For the year to date, APL’s volumes are up 6 percent to 1.18 million FEUs from 1.11 million FEUs. Average revenue per FEU for the year so far has dropped 5 percent to $2,650 from $2,795.