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Rail News: Rail Industry Trends

CSXI's January fuel surcharge to match December's 16 percent

CSX Intermodal’s monthly fuel surcharge is holding steady. On Monday, the company will implement a January surcharge of 16 percent, matching December’s surcharge.

CSXI previously implemented surcharges of 21 percent in November, 20 percent in October, 17.5 percent in September, and 14.5 percent in both 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, Dec. 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 Dec. 27, the DOE reported a diesel retail price of $2.44 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 16 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 January will be 20 percent.

Contact Progressive Railroading editorial staff.

More News from 12/28/2005