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CSX Intermodal's monthly fuel surcharge is holding steady in May. On Monday, the company maintained its 13 percent fuel surcharge for the month, the same as April's surcharge.

The company previously applied fuel surcharges of 12 percent in March, 13.5 percent in February, 14.5 percent in January, 18.5 percent in December, 26.5 percent in November and 34.5 percent in October. The drayage-only fuel surcharge for May is 17 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, April 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 April 27, the DOE reported a diesel retail price of $2.20 per gallon.

Meanwhile, Union Pacific Railroad's carload rate-based Highway Diesel Fuel (HDF) surcharge has dropped from April's 9.5 percent to 8.5 percent for May. The rate-based standard HDF surcharge program is based on the DOE's U.S. average on-highway diesel fuel price. However, UP's HDF surcharge will increase to 10 percent in June, according to April basis-month data.

Norfolk Southern Railway will continue to apply no fuel surcharge in May for Tariff NS 8003 Series- and Tariff NS 8004 Series-related traffic. The Class I anticipates a zero surcharge in June, as well.