Class Is continue to slash monthly fuel surcharges (2/24/2009)
2/24/2023CSX Intermodal’s fuel surcharge will drop for the ninth-straight month. On Monday, the company will implement a 12 percent fuel surcharge for March.
The company previously applied fuel surcharges of 13.5 percent in February, 14.5 percent in January, 18.5 percent in December, 26.5 percent in November, 34.5 percent in October, 37 percent in September, 43 percent in August, 43.5 percent in July and 44.5 percent in June. The drayage-only fuel surcharge for March will be 16 percent.
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, Feb. 23) 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 Feb. 23, the DOE reported a diesel retail price of $2.13 per gallon.
Meanwhile, Union Pacific Railroad's carload rate-based Highway Diesel Fuel (HDF) surcharge will drop from February’s 12 percent to 10.5 percent for March. The rate-based standard HDF surcharge program is based on the DOE's U.S. average on-highway diesel fuel price. UP’s HDF surcharge will drop to 9.5 percent in April.
Norfolk Southern Railway’s fuel surcharge for rates referring to "Tariff NS 8003 Series" and “Tariff NS 8004 Series” will continue to be 0 percent in March, the same level as in both January and February.
Source: Progressive Railroading Daily News