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CSX Intermodal’s fuel surcharge will go up next month. On Monday, the company will implement an October surcharge of 23 percent vs. September’s 21 percent and August’s 21.5 percent fuel surcharges.
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, Sept. 24) 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 Sept. 24, the DOE reported a diesel retail price of $3.03 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.
CSXI’s drayage-only fuel surcharge for October will be 29 percent.
Meanwhile, Union Pacific Railroad’s carload rate-based fuel surcharge will hold steady at 16.5 percent in October, then rise to 17.5 percent in November. The railroad’s rate-based standard Highway Diesel Fuel surcharge program is based on the DOE’s U.S. average on-highway diesel fuel price.
9/26/2007
Rail News: Intermodal
CSXI's fuel surcharge to rise, UP's to hold steady in October
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CSX Intermodal’s fuel surcharge will go up next month. On Monday, the company will implement an October surcharge of 23 percent vs. September’s 21 percent and August’s 21.5 percent fuel surcharges.
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, Sept. 24) 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 Sept. 24, the DOE reported a diesel retail price of $3.03 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.
CSXI’s drayage-only fuel surcharge for October will be 29 percent.
Meanwhile, Union Pacific Railroad’s carload rate-based fuel surcharge will hold steady at 16.5 percent in October, then rise to 17.5 percent in November. The railroad’s rate-based standard Highway Diesel Fuel surcharge program is based on the DOE’s U.S. average on-highway diesel fuel price.
