CSX Intermodal's fuel charge passes 4 percent

CSX Intermodal's fuel charge passes 4 percent

CSX Intermodal expects to implement its February fuel surcharge, which will rise 0.8 percent compared with January's 3.7 percent.

Based on the U.S. Department of Energy's (DOE) price index, the 4.5 percent fuel surcharge follows CSXI's surcharges of 3.6 percent, 3.6 percent, 3 percent, 3.7 percent and 3.1 percent in December, November, October, September and August, respectively.

CSXI adjusts its monthly surcharge the first Monday of each month based on the difference between the DOE's price index the previous Monday (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.

The 4.5 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 February will be 6 percent.