APL’s April box traffic up 14%
Sustained volume growth continued at APL during the four-week period ended May 6, as the Singapore-based carrier reported that it increased its container traffic 14 percent to 152,600 40-foot equivalent units (FEUs) when compared to the same period last year.
With no sign of a slowdown, the carrier reported that its strong growth figures for April/May brought its cumulative container traffic to 651,800 FEUs for the year to date, showing an overall increase of 13 percent in volume when compared to a year ago.
“This reflects continued strong demand growth,” said Neptune Orient Lines, the parent company of APL.
During the four-week period ended May 6, APL’s average revenue per FEU rose 7 percent to $2,769 from $2,583 a year ago.
The April period’s average rate was also marginally higher than its average rate of $2,735 reported for the four-week period ended April 8 of this year.