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Rail News: Intermodal

CSXI's November fuel surcharge set at 13 percent

On Monday, CSX Intermodal will implement its November fuel surcharge of 13 percent, a 3 percent increase compared with October's surcharge.

CSXI previously applied fuel surcharges of 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 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, Oct. 25) 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 Oct. 25, the DOE reported a diesel retail price of $2.21 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 13 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 October will be 17 percent.

Contact Progressive Railroading editorial staff.

More News from 10/28/2004