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10/31/2001



Rail News: Rail Industry Trends

Lower fuel prices lead NS to drop surcharge


Falling diesel prices helped Norfolk Southern Railway improve its third-quarter bottom line, and now the Class I wants to pass some of its savings onto customers.
The railroad Oct. 30 announced plans to remove a fuel surcharge on coal and carload traffic beginning on or after Oct. 31 bill-of-lading dates.
NS in December 2000 increased its fuel surcharge from 2 percent — implemented in October 2000 — to 4 percent.
The Class I has no plans to re-institute a fuel surcharge — displayed as a miscellaneous charge added to line-haul freight charges on customers' bills — unless the daily price of West Texas crude oil closes above $30-per-barrel levels for 30 consecutive days, which are defined as days the Wall Street Journal is published (meaning weekends and some holidays are excluded).


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More News from 10/31/2001