APL’s volumes, rates rise
APL said container volume increased 16 percent to 141,000 forty-foot-equivalent units (FEUs), and average revenue per FEU rose 7 percent to $2,867 for the 4-week period ended Oct. 15, when compared to the same period a year ago.
Neptune Orient Lines, parent company of APL, said its shipping arm continued to benefit from new services introduced throughout the year. Average revenues per FEU were 7 percent higher than in the corresponding period last year, but 2 percent below the $2,920 average revenue reported for the four-week period ended Sept. 17. A change in cargo mix was the key contributing factor for the period-to-period difference.
APL’s volumes, rates rise
