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Rail News: Intermodal

CSXI's December fuel surcharge to drop 1.5 percent

On Dec. 6, CSX Intermodal plans to implement an 11.5 percent December fuel surcharge, which will decrease 1.5 percent compared with November's surcharge.

CSXI previously applied fuel surcharges of 10 percent, 7 percent, 5.9 percent, 5.5 percent, 5.9 percent, 5.6 percent, 4.9 percent, 4.5 percent, 4.5 percent and 3.7 percent in October, September, August, July, June, May, April, March, February and January, respectively.

CSXI adjusts its monthly 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, Nov. 29) 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 Nov. 29, the DOE reported a diesel retail price of $2.12 per gallon.

If the U.S. National Average Fuel Index equals or exceeds $2.79 per gallon, the fuel surcharge will increase 0.5 percent for every four-cent increase in fuel price.

The 11.5 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 December will be 15 percent.

Contact Progressive Railroading editorial staff.

More News from 11/30/2004