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Rail News: Intermodal

CSXI's August fuel surcharge to go up 1.5 percentage points


After a one-month drop, CSX Intermodal’s (CSXI) fuel surcharge is heading up again. On Monday, the company will implement an August surcharge of 22.5 percent compared with July’s 21 percent.

CSXI previously applied fuel surcharges of 21.5 percent in June, 21 percent in May, 17.5 percent in April, 16 percent in March, 16.5 percent in February and 16 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 31) 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 31, the DOE reported a diesel retail price of $2.98 per gallon.

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

Effective Aug. 7, the 22.5 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 August is 28 percent.