APL Box Volume, Revenue Fall

APL’s container volume and average revenue fell during the most recent four week reporting period, its parent Neptune Orient Lines said Monday.

During the four weeks from April 4 through May 1, APL’s container shipping volume declined 22 percent while average revenue per 40-foot container dropped by 21 percent from the same period a year earlier.

NOL attributed the decrease in volume to the decline in demand on all major trade lanes. Lower average revenue per FEU was due to lower core freight rates and lower bunker recovery.

Volume fell to 157,800 FEUs in the period from 203,000 FEUs last year. The average revenue per FEU dropped to $2,322 from $2,940 last year.

In the year to date, container shipping volume declined 26 percent to 639,500 FEUs from 865,900 FEUs last year.

Average revenue per FEU declined 17 percent to $2,437 from $2,935 a year earlier.

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