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Rail News: Intermodal

August fuel surcharges: CSXI's to drop slightly, UP's and NS' to rise a tad

CSX Intermodal's fuel surcharge is coming down in August — but not by much. Beginning Aug. 4, the company's monthly surcharge will be 43 percent vs. July's 43.5 percent. The drayage-only fuel surcharge for August will be 53 percent.

CSXI previously applied fuel surcharges of 44.5 percent in June, 37.5 percent in May, 35 percent in April, 29.5 percent in March, 26 percent in February and 27 percent in January.

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, July 28) 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 July 28, the DOE reported a diesel retail price of $4.60 per gallon.

Meanwhile, Union Pacific Railroad's carload rate-based Highway Diesel Fuel (HDF) surcharge will rise from July's 32 percent to 34.5 percent in August and 35 percent in September. The rate-based standard HDF surcharge program is based on the DOE's U.S. average on-highway diesel fuel price.

Norfolk Southern Railway's fuel surcharge for rates referring to "Tariff NS 8003 Series" will go up from 18.6 percent in July to 21 percent in August and 21.3 percent in September.

Contact Progressive Railroading editorial staff.

More News from 7/31/2008