Copyright 2007, Traffic World, Inc.
Neptune Orient Lines last week said its average revenue per 40-foot container, which has been sliding since the beginning of 2006, turned upward in the latest four-week reporting period as liner volumes continued to increase.
The Singapore-based parent of APL said revenue per FEU averaged $2,618 in the four weeks from May 5 to June 1, up 2 percent from $2,556 a year ago. However, the year-to-date average still lags that of 2006, with the revenue 4 percent lower at $2,566 year-to-date compared with $2,660 in 2006.
Volumes during the four-week period increased 11 percent from the same period a year ago to 178,300 FEUs from 160,300 FEUs. Year-to-date, volumes increased 11 percent to 937,800 FEUs from 847,200 FEUs.
The company said liner volumes continue to benefit from strong growth in demand.