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After rising 1.5 percentage points in August, CSX Intermodal’s (CSXI) fuel surcharge is nudging up 0.5 percentage points in September. On Monday, the company will implement a September surcharge of 23 percent compared with August’s 22.5 percent.
CSXI previously applied fuel surcharges of 21 percent in July, 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, Aug. 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 Aug. 28, the DOE reported a diesel retail price of $3.03 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 Sept. 4, the 23 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 September is 29 percent.
8/29/2006
Rail News: Intermodal
CSXI's September fuel surcharge to increase slightly to 23 percent
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After rising 1.5 percentage points in August, CSX Intermodal’s (CSXI) fuel surcharge is nudging up 0.5 percentage points in September. On Monday, the company will implement a September surcharge of 23 percent compared with August’s 22.5 percent.
CSXI previously applied fuel surcharges of 21 percent in July, 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, Aug. 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 Aug. 28, the DOE reported a diesel retail price of $3.03 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 Sept. 4, the 23 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 September is 29 percent.
