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Rail News: Intermodal
CSX Intermodal’s monthly fuel surcharge is about to exceed 20 percent. On Nov. 7, the company will begin implementing a 21 percent surcharge for November. CSXI’s October fuel surcharge was 20 percent.
The company’s surcharge previously rose 3 percentage points to 17.5 percent in September after holding steady at 14.5 percent in August and July.
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. 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 Oct. 31, the DOE reported a diesel retail price of $2.87 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.
The 20 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 November will be 27 percent.
11/2/2005
Rail News: Intermodal
CSXI's monthly fuel surcharge continues to creep up
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CSX Intermodal’s monthly fuel surcharge is about to exceed 20 percent. On Nov. 7, the company will begin implementing a 21 percent surcharge for November. CSXI’s October fuel surcharge was 20 percent.
The company’s surcharge previously rose 3 percentage points to 17.5 percent in September after holding steady at 14.5 percent in August and July.
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. 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 Oct. 31, the DOE reported a diesel retail price of $2.87 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.
The 20 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 November will be 27 percent.
