advertisement

---

Norfolk Southern Corp. officials believe diesel prices have reached a sustainable level. So much so, the Class I is revising its fuel surcharge program for public local and joint-line non-intermodal traffic.

On July 1, NS will begin implementing a fuel surcharge based on 0.3 percent of the line-haul freight charge for every dollar per barrel the West Texas Intermediate Crude Oil (WTI) average price — an industry standard for tracking oil prices — exceeds $64. The railroad’s current surcharge is based on 0.4 percent of the line-haul freight charge for every dollar the WTI average price exceeds $23.

The public local and joint-line non-intermodal traffic affected by the fuel surcharge change represents 6 percent of NS’ total revenue base.