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.