The volume of 40-foot containers handled by APL jumped by 32 percent and the average revenue per container climbed by 12 percent in the four weeks from March 6 to April 2 compared to the same period last year, its parent Neptune Orient Lines said Monday.
APL handled 204,400 40-foot equivalent units in the four week period, compared with189,100 FEUs in the previous four-week period that ended March 5 and 155,400 in the year-earlier period.
NOL said the increase in the most recent period was mainly due to higher volumes carried from the trans-Pacific and Intra-Asia trade lanes.
APL’s average revenue per FEU in the most recent period was $2,622, compared with $2,575 in the previous period this year and $2,347 in the same period last year.
NOL said the increase in average revenue was largely due to improved core freight rates and higher bunker recovery, particularly on the Asia-Europe trade lane.
Based on the operating statistics NOL released Monday, it is apparent that trans-Pacific volume and revenue both gained ground in the weeks after Chinese New Year ended, as importers continued to restock shelves to meet the rebound in consumer spending. Combined with capacity cutbacks and other management programs such as slow-steaming, the rush in demand supported rate increases implemented by carriers.
On a year-to-date basis, APL’s container volume increased by 46 percent in the most recent period to 701,000 FEUs, compared to 481,600 in the year-to-date last year.
APL’s average revenue per FEU in the year-to date was $2,519 per FEU, 2 percent higher than the $2,474 generated in the same year-to-date period last year.
APL handled 204,400 40-foot equivalent units in the four week period, compared with189,100 FEUs in the previous four-week period that ended March 5 and 155,400 in the year-earlier period.
NOL said the increase in the most recent period was mainly due to higher volumes carried from the trans-Pacific and Intra-Asia trade lanes.
APL’s average revenue per FEU in the most recent period was $2,622, compared with $2,575 in the previous period this year and $2,347 in the same period last year.
NOL said the increase in average revenue was largely due to improved core freight rates and higher bunker recovery, particularly on the Asia-Europe trade lane.
Based on the operating statistics NOL released Monday, it is apparent that trans-Pacific volume and revenue both gained ground in the weeks after Chinese New Year ended, as importers continued to restock shelves to meet the rebound in consumer spending. Combined with capacity cutbacks and other management programs such as slow-steaming, the rush in demand supported rate increases implemented by carriers.
On a year-to-date basis, APL’s container volume increased by 46 percent in the most recent period to 701,000 FEUs, compared to 481,600 in the year-to-date last year.
APL’s average revenue per FEU in the year-to date was $2,519 per FEU, 2 percent higher than the $2,474 generated in the same year-to-date period last year.