Container volume at APL grew 13 percent in the four-week period ending Aug. 20 over the same period a year ago and the average revenue jumped 45 percent, but the carrier's latest report showed signs the container industry resurgence has peaked, with volume slipping from the month before.
APL said its worldwide volume based on 40-foot-equivalents fell 1.5 percent from the July period to the four weeks from July 24 to Aug. 20, parent company Neptune Orient Lines reported.
The average revenue per FEU reached a 2010 high of $3,181, 45 percent better than the same period a year ago, when yield reached the low point of 2009, but only 3.4 percent ahead of this year's July reporting period.
NOL said the increases were driven by improved core freight rates in the major trade lanes and peak season surcharges on higher volumes.
APL transported 216,900 FEUs in the period, compared to 192,800 a year earlier, but down from the 220,200 FEUs it carried in the period ended July 23 of this year. Year-to-date container shipping volume increased 32 percent to 1,784,500 FEUs from 1,350,700 FEUs in the year-earlier period.
Average revenue per FEU increased to $3,181 in the period from $2,189 a year earlier and from $3,076 in the month-earlier period this year.
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