Fuel Surcharge

The price of fuel is a big factor in the cost of moving shipments. When fuel prices are high, we apply a fuel surcharge, a percent of the net charges, to the bill. When fuel prices are low, we reduce the net charges by a specified percent.

Monthly Fuel Surcharge Procedure

How to get info needed to get fuel surcharge information for carriers.

1. Go to www.eia.doe.gov

2. Look to the left of page and click on Petroleum

3. Under reports, click on Weekly Petroleum Status Report

4. Go to report #17, US Retail Motor Gasoline and On-Highway Diesel Fuel Prices, 2004     to Present, and click on PDF file.

5. Print report #17.

6. Highlight 2 lines. Look under the appropriate year and highlight under Motor     Gasoline, Regular and 2nd is On-Highway Diesel Fuel

7. Look under previous month and that is the correct price to use.
    (example: use October for the November billing period)

8. Use the Fuel Surcharge Table (see below) for both gas and diesel and apply the     correct percentage amount for each product by taking the monthly price and applying     it into the proper range.

9. Each January 1st the table will be reset for each fuel type using the average cost for     the previous 2 years. This will become the base line for the next year.

Fuel Surcharge Chart

Gasoline Average of $2.27 (2005) + $2.60 (2006)= $2.44
Diesel Average of $2.40 (2005) + $2.71 (2006)= $2.56