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After a one-month reprieve, CSX Intermodal’s fuel surcharge is heading up again. On Monday, the company will implement a March surcharge of 17 percent compared with February’s 15.5 percent surcharge.
CSXI previously applied fuel surcharges of 17.5 percent in January and December, 16.5 percent in November, 17.5 percent in October and 23 percent in September.
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, Feb. 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 Feb. 26, the DOE reported a diesel retail price of $2.55 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.
March’s 17 percent surcharge applies to CSXI's ramp-to-ramp, ramp-to-door, door-to-ramp and door-to-door rates. The drayage-only fuel surcharge for March will be 22 percent.
2/28/2007
Rail News: Rail Industry Trends
CSXI's monthly fuel surcharge to rise in March
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After a one-month reprieve, CSX Intermodal’s fuel surcharge is heading up again. On Monday, the company will implement a March surcharge of 17 percent compared with February’s 15.5 percent surcharge.
CSXI previously applied fuel surcharges of 17.5 percent in January and December, 16.5 percent in November, 17.5 percent in October and 23 percent in September.
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, Feb. 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 Feb. 26, the DOE reported a diesel retail price of $2.55 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.
March’s 17 percent surcharge applies to CSXI's ramp-to-ramp, ramp-to-door, door-to-ramp and door-to-door rates. The drayage-only fuel surcharge for March will be 22 percent.
