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Skyrocketing diesel prices are propelling CSX Intermodal's monthly fuel surcharge to an all-time-high orbit. On Monday, the company will implement a 44.5 percent fuel surcharge for June. CSXI's May surcharge stood at 37.5 percent.

CSXI previously applied fuel surcharges of 35 percent in April, 29.5 percent in March, 26 percent in February and 27 percent in January. The drayage-only fuel surcharge for June will be 55 percent.

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 26) 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 26, the DOE reported a diesel retail price of $4.72 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.

Meanwhile, Union Pacific Railroad's carload rate-based Highway Diesel Fuel (HDF) surcharge will rise from May's 26.5 percent to 28.5 percent in June. The rate-based standard HDF surcharge program is based on the DOE's U.S. average on-highway diesel fuel price. Norfolk Southern Railway's fuel surcharge for rates referring to "Tariff NS 8003 Series" will go up from 12.6 percent in May to 14.7 percent in June.