Fuel Surcharge Explanation
With the recent volatility in the oil markets, shippers are thinking about how the changes in the price of oil may affect the cost of their shipments. The below article from Freight Waves provides a good explanation of how fuel surcharges work and how they are impacted by the Department of Energy’s National Average.
Incorrect fuel surcharges can be a major area of overspend for companies. If you have any questions about the cost of fuel on your shipments or would like to have a review of your shipments to check for potential overcharges, please contact us and we will be happy to assist you.