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RAIL EMPLOYMENT & NOTICES



Rail News Home Rail Industry Trends

6/30/2009



Rail News: Rail Industry Trends

July fuel surcharges: CSXI's heads up, NS' and UP's hold steady


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CSX Intermodal's monthly fuel surcharge is rising significantly in July. On Monday, the company will implement an 18 percent fuel surcharge compared with June’s 13.5 percent surcharge.

The company previously applied fuel surcharges of 13 percent in May and April, 12 percent in March, 13.5 percent in February and 14.5 percent in January. The drayage-only fuel surcharge for July will be 23 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, June 29) 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 29, the DOE reported a diesel retail price of $2.61 per gallon.

Meanwhile, Union Pacific Railroad's carload rate-based Highway Diesel Fuel (HDF) surcharge will stand pat at 10 percent for July, then rise to 13 percent in August. The rate-based standard HDF surcharge program is based on the DOE's U.S. average on-highway diesel fuel price.

Norfolk Southern Railway will continue to apply no fuel surcharge in June for Tariff NS 8003 Series- and Tariff NS 8004 Series-related traffic in July. However, the Class I is projecting a 1.8 percent surcharge in August for 8003 Series traffic, although the exact surcharge hasn’t yet been determined.


Contact Progressive Railroading editorial staff.

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