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After a one-month drop, CSX Intermodal’s monthly fuel surcharge is heading up again. On Monday, the company will implement an April surcharge of 17.5 percent, a 1.5 percentage point increase compared with March’s surcharge.
CSXI previously implemented surcharges of 16.5 percent in February, 16 percent in January, 16 percent in December, 21 percent in November and 20 percent in October.
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, March 27) 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 March 27, the DOE reported a diesel retail price of $2.56 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 17.5 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 April will be 22 percent.
3/28/2006
Rail News: Intermodal
CSXI's monthly fuel surcharge to rise 1.5 percentage points in April
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After a one-month drop, CSX Intermodal’s monthly fuel surcharge is heading up again. On Monday, the company will implement an April surcharge of 17.5 percent, a 1.5 percentage point increase compared with March’s surcharge.
CSXI previously implemented surcharges of 16.5 percent in February, 16 percent in January, 16 percent in December, 21 percent in November and 20 percent in October.
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, March 27) 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 March 27, the DOE reported a diesel retail price of $2.56 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 17.5 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 April will be 22 percent.
