Has anyone ever figured a percentage to use to calculate the surcharge - just as a "off the top of your head" sort of thing? While running I think about all sorts of stuff, this being one of them when I am paying pump price. LOL

Thanks.

 

I think I answered my own question.

Example: Use current fuel cost figure of 2.81 (or whatever it happens to be) including all taxes and use average MPG (I used 6mpg).

2.81-1.15 (figure used by many carriers)=1.66
1.66/6 = .276
so your fuel surcharge would be $0.28 cpm.

Ta Da! Just a ballpark but it's interesting and helps project my bi-monthly settlement.

 

Many carriers do figure the fuel surcharge as a percentage. Many years ago I used to be a company driver for an LTL company, and every bill I saw had a fuel surcharge figured as percentage. Also, a few years ago, I was talking to Road Runner Dawes (I think they have now changed their name), and part of the packet of information they hand out to perspective O/Os includes a fuel surcharge chart that figures the rate as a percentage, so it would seem that this practice may be the rule and not the exception, at least for larger carriers.

 

I know some carriers who use both percentage and mileage to calculate their fsc. Some do both due to their customers demands.

 

loads out of nucor steel, are paying a flat rate, base on mileage only. same f.s.c no matter the weight.