APL Volume and Yield Jump in Latest Period

Container volume at APL grew 29 percent in the shipping line’s June reporting period over the same period a year ago, and yield advanced 32 percent as demand out of Asia picked up steam heading into this year’s peak season, APL parent Neptune Orient Lines said Monday.

APL’s container volume increased during the four weeks from May 29 to June 25 mainly due to higher volume from the trans-Pacific and Intra-Asia trade routes.

APL’s volume reached 221,900 40-foot equivalent units during the period compared to 172,200 FEUs in the same period last year. The volume in the four-week period was also 4.3 percent higher than the 212,600 FEUs it carried in the previous four-week period that ended May 28 this year.

By The Numbers: NOL's APL Container Operations.

APL’s year-to-date volume of 1.35 million FEUs was 39 percent higher than last year’s 970,600 FEUs.

Average revenue per FEU was $2,892, up 32 percent from $2,190 in the same period last year, largely due to improved core freight rates and higher bunker recovery. Average revenue for the period was also 4.4 percent higher than the $2,768 NOL reported for this year’s previous four-week period.

Average revenue per FEU of $2,643 in the year to date was 11 percent higher than the $2,375-per-FEU level for the year-to-date last year.

-- Contact Peter T. Leach at pleach@joc.com.