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After rising the past three months, CSX Intermodal’s (CSXI) fuel surcharge is dropping a skosh. On Monday, the company will implement a July surcharge of 21 percent compared with June’s 21.5 percent.
CSXI previously applied fuel surcharges of 21 percent in May, 17.5 percent in April, 16 percent in March, 16.5 percent in February and 16 percent in January.
CSXI adjusts its surcharge the first Monday of each month based on the difference between the U.S. Department of Energy’s (DOE) price index the previous Monday (in this case, June 26) and $1.10. CSXI calculates the percent difference between the DOE’s “Retail Diesel Fuel Price Index” and $1.10, multiplies the figure by 10 percent and then again by 100. On June 30, the DOE reported a diesel retail price of $2.87 per gallon.
If the U.S. National Average Fuel Index equals or exceeds $2.79 per gallon, CSXI increases its fuel surcharge 0.5 percent for every four-cent increase in fuel price.
The 21 percent surcharge applies to CSXI's ramp-to-ramp, ramp-to-door, door-to-ramp and door-to-door rates. The drayage-only fuel surcharge for July will be 27 percent.
6/27/2006
Rail News: Intermodal
CSXI's July fuel surcharge to drop 0.5 percentage points
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After rising the past three months, CSX Intermodal’s (CSXI) fuel surcharge is dropping a skosh. On Monday, the company will implement a July surcharge of 21 percent compared with June’s 21.5 percent.
CSXI previously applied fuel surcharges of 21 percent in May, 17.5 percent in April, 16 percent in March, 16.5 percent in February and 16 percent in January.
CSXI adjusts its surcharge the first Monday of each month based on the difference between the U.S. Department of Energy’s (DOE) price index the previous Monday (in this case, June 26) and $1.10. CSXI calculates the percent difference between the DOE’s “Retail Diesel Fuel Price Index” and $1.10, multiplies the figure by 10 percent and then again by 100. On June 30, the DOE reported a diesel retail price of $2.87 per gallon.
If the U.S. National Average Fuel Index equals or exceeds $2.79 per gallon, CSXI increases its fuel surcharge 0.5 percent for every four-cent increase in fuel price.
The 21 percent surcharge applies to CSXI's ramp-to-ramp, ramp-to-door, door-to-ramp and door-to-door rates. The drayage-only fuel surcharge for July will be 27 percent.
