0
Back in the mid 70's during the OPEC oil crisis, although companies moved away from it when fuel prices stabilized. Only in recent times have companies adopted its use again.
Fuel surcharges are a way for companies to make more money without having shippers raising objections. Big carriers charge based on the DOE index, while their trucks make better fuel efficiency than what they charge shippers for. Additionally the cariers get huge discounts and rebates from trucks stops, as much as 30 to 40 cents per gallon while collecting the full DOE index price.
Carriers also make money off the backs of their owner operator and their lease operator fleets. They charge their customer base full surcharge, skim some off the top and pass on the rest to the operator, then when the o/o fuels using the carrier fuel card the carrier charges the o/o more than they got the fuel for from the truck stop but its usually less than the pump price. I know of some carriers that only give the o/o the cash price (usually 6 cents off pump price) while pocketing the rest of tbe discount they got, as much as the price I mentioned above.
Add your answer:
Earn +20 pts
What is YQ surcharge tax?
The YQ "tax" is not actually a government imposed tax but an airline surcharge. Typically, the YQ "tax" includes a security surcharge and/or a fuel surcharge.
Does zoom airlines charge fuel surcharge?
Yes they do.
Who can charge fuel surcharge?
any carrier or broker
Who gets the fuel surcharge the trucker who paid for the fuel or the business they are hauling for?
the person who pays for the fuel
Does federal law states that you can not charge a fuel surcharge for gasoline?
No.
WHAT IS YQ?
Fuel surcharge, usually air line Charges with the ticket.
What is YQ charge?
YQ charge, also known as carrier-imposed surcharge or fuel surcharge, is an additional fee that airlines add to the base fare to cover the cost of fuel, taxes, or other charges. This fee varies between airlines and can significantly impact the total cost of a flight ticket.
What is surcharge on vat?
A surcharge fee is an extra cost added to a fee that the consumer is already expected to pay. Surcharge fees are imposed for a variety of reasons including fuel costs, services, travel time and equipment use. A surcharge may fee be a flat rate or calculated as a percentage of the original bill.
What is an international surcharge?
international surcharge is fees added due to fuel cost and fees countries charge incoming or outgoing on the air or ocean or land. most of international surcharge are seen or noticed on flights fees. as of today Sep 5th 2012 +/- 40% of your airline ticket is paid to other countries as international surcharge
How much is 28 hours?
At $4.83 an hour, it's $135.24 , plus tax and fuel surcharge.
What is energy fuel surcharge for?
A fuel surcharge lets the customer pay for part of the fuel used to transport his load. How these work: The basis is that trucks get 6 miles to the gallon and diesel costs $1.95 per gallon, so shipping rates are calculated based on those numbers. If diesel costs more than $1.95 per gallon, the person paying the bill for the freight pays a surcharge per mile to help reimburse the driver. If the national average price for diesel is $4.25 per gallon, you subtract $1.95 from it to get $2.30 per gallon; divide that by 6 and you get 38.3 cents per mile fuel surcharge. Multiply by the number of miles in the trip, and that's how much surcharge the customer will pay.
What does FSC mean in the transportation industry?
Fuel Surcharge (FSC)An additional charge assessed for the excessive cost in diesel fuel. The charge is a percentage of the base line haul charges on shipments rated per hundred pounds and a rate per mile for shipments rated for per mile. The surcharge is based based upon the US National Average Diesel Fuel Index. The fuel surcharge will remain in effect as long as the national average exceeds a benchmark of $1.15 per gallon.
