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Rail News: Intermodal
CSX Intermodal’s fuel surcharge is increasing for the third-straight month. The company today will implement a May surcharge of 20.5 percent, up two percentage points compared with April’s 18.5 percent fuel surcharge.
CSXI previously applied fuel surcharges of 17 percent in March, 15.5 percent in February and 17.5 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, April 30) 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 April 30, the DOE reported a diesel retail price of $2.81 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.
May’s 20.5 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 May is 26 percent.
Meanwhile, Union Pacific Railroad’s carload revenue-based standard Highway Diesel Fuel (HDF) surcharge will be higher the next two months. After holding steady at 12.5 percent in March and April, the standard HDF surcharge for May has increased to 14.5 percent and June’s surcharge will rise to 16 percent.
5/7/2007
Rail News: Intermodal
CSXI's fuel surcharge exceeds 20 percent mark in May
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CSX Intermodal’s fuel surcharge is increasing for the third-straight month. The company today will implement a May surcharge of 20.5 percent, up two percentage points compared with April’s 18.5 percent fuel surcharge.
CSXI previously applied fuel surcharges of 17 percent in March, 15.5 percent in February and 17.5 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, April 30) 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 April 30, the DOE reported a diesel retail price of $2.81 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.
May’s 20.5 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 May is 26 percent.
Meanwhile, Union Pacific Railroad’s carload revenue-based standard Highway Diesel Fuel (HDF) surcharge will be higher the next two months. After holding steady at 12.5 percent in March and April, the standard HDF surcharge for May has increased to 14.5 percent and June’s surcharge will rise to 16 percent.
