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National Fuel Surcharge Trucking Customer Care Service Contact Number
Phone: +1 800-365-3234
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Fuel is an essential component of any transportation business, and its cost can significantly impact the bottom line of trucking companies. To address this issue, many trucking companies have started implementing a fuel surcharge program. In this article, we will explain what a national fuel surcharge is, how it works, and its benefits.
What is a National Fuel Surcharge?
A fuel surcharge is an additional fee added to the base rate of a trucking service to account for fluctuations in fuel prices. It is calculated based on the average cost of fuel per gallon and can vary depending on the distance traveled, the size of the shipment, and other factors.
A national fuel surcharge is a standardized fuel surcharge that is applied uniformly across the country. The surcharge is determined by a reputable organization, such as the Department of Energy or the American Transportation Research Institute (ATRI). The ATRI provides a weekly analysis of fuel prices and publishes a national average fuel price report. This report is used as a basis for determining the national fuel surcharge rate.
How Does It Work?
When a trucking company calculates its rates for a shipment, it considers the base rate plus the fuel surcharge. The base rate covers the cost of transportation, including driver wages, maintenance, and other operating expenses. The fuel surcharge is calculated based on the national average fuel price and is added to the base rate to account for fuel costs.
For example, suppose a trucking company needs to transport a shipment of goods from New York to Los Angeles. The base rate for this shipment is $1,000, and the national fuel surcharge rate is 20%. If the national average fuel price is $3 per gallon, and the trucking company’s truck gets 6 miles per gallon, then the fuel surcharge would be $500 ($1,000 x 20% = $200 + ($3 x 2,800 miles / 6 mpg) = $500). Therefore, the total cost of the shipment would be $1,500.
Benefits of a National Fuel Surcharge
The primary benefit of a national fuel surcharge program is that it provides transparency and predictability to both the trucking company and the shipper. The fuel surcharge is based on a standardized national average fuel price, which means that both parties can easily understand and calculate the cost of transportation.
Another benefit of a national fuel surcharge program is that it allows trucking companies to maintain profitability despite fluctuations in fuel prices. By adding a fuel surcharge to the base rate, trucking companies can cover their fuel costs and ensure that they are not losing money on shipments.
Moreover, a national fuel surcharge program can encourage shippers to be more conscious of their shipping habits. By implementing a fuel surcharge, shippers are incentivized to consolidate their shipments to reduce the number of trips required, which can ultimately reduce fuel consumption and transportation costs.
Conclusion
A national fuel surcharge program is a valuable tool for trucking companies to manage fuel costs and maintain profitability. By using a standardized fuel surcharge based on the national average fuel price, trucking companies and shippers can accurately calculate the cost of transportation and plan accordingly. Additionally, a fuel surcharge program can encourage shippers to be more conscious of their shipping habits and ultimately reduce transportation costs.
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