Norfolk Southern to revise fuel surcharge
Norfolk Southern will adjust its fuel surcharge program for local and joint-line non-intermodal traffic originating and moving on Norfolk Southern-issued tariff and public quotes issued on or after July 1.
Effective July 1, the new fuel surcharge for public price authorities will be 0.3 percent (from 0.4 percent) of the line-haul freight charge for every $1 per barrel, or portion thereof, by which the West Texas Intermediate Crude Oil (WTI) average price exceeds $64 (formerly $23), starting at a WTI average price of $64.01.
“Fuel prices have reached a level that Norfolk Southern believes is likely to be sustained. Tariff prices, public quotes and the fuel surcharge are being adjusted to reflect this level,” Norfolk Southern said in a statement.