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Rail News: Rail Industry Trends

CSXI's July fuel surcharge matches June's 20.5 percent


CSX Intermodal’s fuel surcharge is holding steady for the third-straight month. On Monday, the company implemented a July surcharge of 20.5 percent, matching May’s and June’s level.

CSXI previously applied fuel surcharges of 18.5 percent in April, 17 percent in March, 15.5 percent in February and 17.5 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, June 25) 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 June 25, the DOE reported a diesel retail price of $2.83 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.

July’s 20.5 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 July is 26 percent.

Meanwhile, Union Pacific Railroad’s carload revenue-based standard Highway Diesel Fuel (HDF) surcharge dropped to 15.5 percent for July but will increase to 16 percent in August. The railroad’s HDF surcharge had been 14.5 percent in May and 16 percent in June. UP’s mileage-based surcharge for July is 14 cents per mile for August will be 15 cents per mile.

Contact Progressive Railroading editorial staff.

More News from 7/5/2007