Media Kit » Try RailPrime™ Today! »
Progressive Railroading
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.




railPrime
View Current Digital Issue »



Rail News Home Rail Industry Trends

3/12/2003



Rail News: Rail Industry Trends

Escalating crude-oil prices fuel potential Class I surcharge change


advertisement


Shippers soon might be paying a higher fuel surcharge to Class Is. If the price of West Texas Intermediate (WTI) crude oil remains above $33 per barrel through March 18, Class Is plan to increase the surcharge from 2 percent (implemented Jan. 29) to 4 percent, effective March 20.


The surcharge would remain at 4 percent until WTI oil prices rise or fall below $33 for 30 consecutive days as published in the Wall Street Journal, according to a CSX Corp. statement.


Class Is use the following fuel-price recovery charge formula:


• $23 to $27.99 per barrel — no surcharge;

• $28 to $32.99 per barrel — 2 percent surcharge;

• $33 to $37.99 per barrel — 4 percent surcharge; and

• $38 to $42.99 per barrel — 6 percent surcharge.