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Rail News: Intermodal
CSX Intermodal’s monthly fuel surcharge is about to go up for the third-straight month. On Monday, the company will implement a June surcharge of 21.5 percent.
CSXI previously implemented 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, May 29) 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 May 29, the DOE reported a diesel retail price of $2.88 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 21.5 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 June will be 27 percent.
5/31/2006
Rail News: Intermodal
CSXI's fuel surcharge to rise 0.5 percentage points in June
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CSX Intermodal’s monthly fuel surcharge is about to go up for the third-straight month. On Monday, the company will implement a June surcharge of 21.5 percent.
CSXI previously implemented 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, May 29) 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 May 29, the DOE reported a diesel retail price of $2.88 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 21.5 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 June will be 27 percent.
