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3/31/2009
Rail News: Rail Industry Trends
CSXI's fuel surcharge inches up, UP's ratchets down in April
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CSX Intermodal’s fuel surcharge will rise a tad in April. On Monday, the company will implement a 13 percent fuel surcharge for the month vs. March’s 12 percent surcharge.
The company previously applied fuel surcharges of 13.5 percent in February, 14.5 percent in January, 18.5 percent in December, 26.5 percent in November, 34.5 percent in October and 37 percent in September. The drayage-only fuel surcharge for April will be 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, March 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 March 30, the DOE reported a diesel retail price of $2.22 per gallon.
Meanwhile, Union Pacific Railroad's carload rate-based Highway Diesel Fuel (HDF) surcharge will drop from March’s 10.5 percent to 9.5 percent for April. The rate-based standard HDF surcharge program is based on the DOE's U.S. average on-highway diesel fuel price. UP’s HDF surcharge will drop to 8.5 percent in May.
The company previously applied fuel surcharges of 13.5 percent in February, 14.5 percent in January, 18.5 percent in December, 26.5 percent in November, 34.5 percent in October and 37 percent in September. The drayage-only fuel surcharge for April will be 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, March 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 March 30, the DOE reported a diesel retail price of $2.22 per gallon.
Meanwhile, Union Pacific Railroad's carload rate-based Highway Diesel Fuel (HDF) surcharge will drop from March’s 10.5 percent to 9.5 percent for April. The rate-based standard HDF surcharge program is based on the DOE's U.S. average on-highway diesel fuel price. UP’s HDF surcharge will drop to 8.5 percent in May.
