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After increasing by a slim margin in February, CSX Intermodal’s monthly fuel surcharge is decreasing slightly in March. On Monday, the company will implement a surcharge of 16 percent, down 0.5 percentage points compared with February’s surcharge.

CSXI previously implemented surcharges of 16 percent in January, 16 percent in December, 21 percent in November, 20 percent in October and 17.5 percent in September.

CSXI adjusts its monthly 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. 27) 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. 27, the DOE reported a diesel retail price of $2.47 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 16 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 March will be 21 percent.