#fuel-surcharge
(19 articles)Diesel Prices Hit 2-Month Low Amid Geopolitical Uncertainty
Benchmark diesel prices have declined sharply to $5.35/gallon, the lowest level since late March, representing a 17.3 cents-per-gallon drop in a single week. This significant price reduction reflects
Fuel Cost Standoff: When Customers Refuse Surcharge Payments
Australian supply chain operators are confronting a critical friction point in cost management: customers increasingly refuse to absorb fuel surcharges, creating a standoff that erodes carrier margins
Diesel Prices Drop 6 Weeks Straight as Peace Deal Speculation Eases Markets
The Department of Energy's weekly diesel benchmark fell 7.3 cents per gallon to $5.523/gallon, marking the sixth decline in seven weeks as commodity markets price in potential geopolitical de-escalati
CSA Transportation Eliminates Fuel Surcharges with All-In LTL Pricing
CSA Transportation has introduced an all-in pricing model that eliminates fuel surcharges for both domestic Canadian and Canada-US cross-border less-than-truckload (LTL) shipping services. This strate
Oil Shock Threatens SE Asia Supply Chains & Tourism
A significant oil price shock is reverberating through Southeast Asian economies, creating cascading effects across multiple supply chain and service sectors. Beyond the immediate impact on energy cos
Diesel Surge Threatens 3-3.5% Freight Rate Jump in India
The All India Trucking Weighted Association (AITWA) has raised concerns about rising diesel prices and their cascading effect on freight rates across Indian logistics networks. The organization projec
Auto Logistics Faces Capacity Crisis as Operating Ratio Hits 103%
Proficient Auto Logistics faced a challenging first quarter marked by structural headwinds in the auto-hauling sector, posting a concerning 103.4% operating ratio—a significant deterioration from 98.7
UPS and FedEx Raise International Fuel Surcharges and Surge Fees
UPS and FedEx have announced increases to international fuel surcharge rates alongside new surge pricing mechanisms, directly escalating transportation costs for businesses relying on cross-border par
Maersk warns of unprecedented cost shock from Middle East energy crisis
Maersk's leadership has signaled that the ongoing energy situation in the Middle East is creating cost pressures of a magnitude not previously encountered in the shipping industry. This statement unde
Maersk to Pass Rising Oil Costs to Shipping Customers
Maersk, the world's largest container shipping company, has signaled its intention to pass elevated oil costs directly to customers through pricing adjustments and surcharges. This move reflects the c
Diesel Prices Surge as Global Supply Crisis Looms
Diesel prices have rebounded sharply to near post-war highs, with the DOE/EIA benchmark reaching $5.64/gallon—just 3/10 of a cent below the April 6 peak. The recovery reflects escalating geopolitical
Fuel Surcharges Spark Sharp Rise in Parcel Shipping Rates
Fuel surcharges have triggered a notable spike in parcel shipping costs, affecting e-commerce retailers, logistics providers, and businesses reliant on ground and last-mile delivery. This cost escalat
Air Cargo Fuel Surcharges Rise Amid Iran Tensions
Air cargo carriers are implementing fuel surcharges in response to escalating tensions in Iran, which have driven up jet fuel prices and increased operating costs. This development reflects the growin
Fuel Volatility Forces Freight Industry to Rebuild Cost Models
Fuel price volatility has become a structural challenge forcing the freight industry to fundamentally reconsider how it models and manages transportation costs. Traditional fuel surcharge mechanisms a
Fuel Price Surge Drives Freight Costs Higher in Egypt
Fuel price volatility has emerged as a critical cost driver in Egypt's freight and logistics sector, affecting both domestic and international supply chain operations. Energy inflation directly cascad
Cathay Cargo Rolls Out Medium-Haul Fuel Surcharge
Cathay Cargo has introduced a new medium-haul fuel surcharge mechanism, a development that has garnered positive reception from the forwarding community. This pricing initiative addresses a gap in the
United Airlines Imposes Market Disruption Surcharge on Cargo
United Airlines announced a new "market disruption fee" on cargo services effective May 1, 2024, designed to offset escalating operational costs driven primarily by nearly doubled jet fuel prices foll
LTL Rates Hit Record Highs in Q2 Amid Fuel Surge
The U.S. freight market is entering a period of elevated pricing pressure as less-than-truckload (LTL) and truckload (TL) rates surge to multi-year highs. According to AFS Logistics and TD Cowen analy
Rising Freight & Fuel Costs Squeeze Global Vegetable Import Margins
Freight and fuel cost inflation is creating significant headwinds for global vegetable trade, with shipping expenses and energy costs squeezing margins across import-dependent markets. The convergence