NOL: Rates down from recent peak
Neptune Orient Lines, parent company of container carrier APL, said rates averaged $2,916 per 40-foot equivalent unit in the four-week period ending Oct. 15, 29 percent higher than in the same 2009 period.
Rates fell for the second month in a row since peaking at an average of $3,181 in the four weeks ending Aug. 20.
NOL said volumes in the Oct. 15 period were 1 percent higher than in the same 2009 period. NOL said that year to date, volumes have been 25 percent higher than in 2009 and rates have been 22 percent higher.
NOL: Rates down from recent peak
