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RAIL EMPLOYMENT & NOTICES



Rail News Home Rail Industry Trends

1/27/2009



Rail News: Rail Industry Trends

Class Is' fuel surcharges continue to fall


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CSX Intermodal’s monthly fuel surcharge will drop again in February. On Monday, the company will begin to implement a 13.5 percent fuel surcharge vs. January’s 14.5 percent.

The company previously applied fuel surcharges of 18.5 percent in December, 26.5 percent in November, 34.5 percent in October, 37 percent in September, 43 percent in August, 43.5 percent in July, 44.5 percent in June, 37.5 percent in May and 35 percent in April. The drayage-only fuel surcharge for February will be 18 percent.

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, Jan. 26) 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 Jan. 26, the DOE reported a diesel retail price of $2.27 per gallon.

Meanwhile, Union Pacific Railroad's carload rate-based Highway Diesel Fuel (HDF) surcharge will drop from January’s 16.5 percent to 12 percent for February. The rate-based standard HDF surcharge program is based on the DOE's U.S. average on-highway diesel fuel price.

Norfolk Southern Railway’s fuel surcharge for rates referring to "Tariff NS 8003 Series" will continue to be 0 percent as it was in January.


Contact Progressive Railroading editorial staff.

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