What is fuel surcharge

By negotiating reasonable and realistic fuel surcharges with customers we are positioned to cover costs or make a profit. Fair and honest fuel surcharges keep trucks running profitably for the owners and helps drivers succeed with as few worries as possible. What is a fuel Surcharge? Fuel Surcharge at Crete Carrier Here at Crete Carrier, we calculate a specific fuel surcharge payment with our owner operators. Department of Energy fuel surcharge: 27 cents.

Where do drivers come in? Teamwork helps everyone By negotiating reasonable and realistic fuel surcharges with customers we are positioned to cover costs or make a profit. Search for:. It covers additional fuel costs and keeps carriers profitable, even when the cost of fuel rises. There is no uniform way of calculating fuel taxes as companies use their own formula. Most carriers have information on how they determine the fuel overcharge on their website.

For example, UPS uses an index-based surcharge that is adjusted monthly and is based on the National U. The relevant national fuel average can be tracked on the U. Another, less popular method of calculating is based on a percentage from load price. No federal administration regulates a fuel surcharge policy. Each shipper and carrier individually negotiate and set the policy in contracts. The carrier may have stated a flat surcharge for their drivers, but much higher surcharge prices for shippers — so they could pocket the difference.

A trucking fuel surcharge is typically charged as a percentage of the base trucking cost. An air fuel surcharge is typically charged based on chargeable weight. LTL Less than Truckload. FTL Full Truckload. Subscribe for the latest news on trade lanes, customs and tariff changes, and expert economic insight. Energy Information Administration EIA for the week that is two weeks prior to the adjustment, rounded to the nearest cent.

For example, the surcharge for the week of February 6, is based on the U. Regardless of the EIA-reported average fuel prices or the table above, the actual fuel surcharge posted on the UPS website will apply for the periods specified.

If the reported fuel pricing information is delayed, UPS may use reported fuel pricing information from an earlier week.