How do I calculate fuel surcharge per mile?

Fuel Surcharge Example

1. The first calculation: take the current fuel price ($3.00 per gallon) minus the base fuel price ($2.25 per gallon) which equals a difference of +$0.75 per gallon.
2. The second calculation: divide the difference by the base fuel mileage – or $0.75 / 6.5 mpg = $0.16 per mile.

What is the fuel surcharge with a trucking company?

The Fuel Surcharge Equals: The base price of fuel in a shipping contract: $1.25/gallon. The increased cost of fuel: $4.85 – $1.25 = $3.60/gallon. Divided by the average miles per gallon of a truck = 6.5 mpg. The fuel surcharge is $3.60 divided by 6.5 = $0.55 cents per mile.

How is fuel surcharge calculated in Canada?

The surcharge is set as a percentage: 8.8% for LTL, and 20.7% for TL. Many Canadian shippers use the FCA percentages to index their own surcharge, which matches an increase in the price to the surcharge, to each increase in fuel prices over the baseline price.

How do you calculate the fuel surcharge?

The calculation looks like this:

1. Original fuel price – Updated fuel price = Difference in fuel cost.
2. Difference in fuel cost / Miles per gallon = Cost per mile.
3. Cost per mile x Distance travelled = Surcharge.

Can companies charge a fuel surcharge?

AAA reports the national average is hovering around $4.25 a gallon. Some transportation companies have added fuel surcharges to help drivers.

What does 100 fuel surcharge mean?

When you pay the surcharge for diesel fuel, it goes to either the broker or the driver as part of the carrier company. Thus, when the carrier mentions a 100 fuel surcharge, what they’re talking about is that the entirety of the surcharge should be allocated to the driver.

How do you calculate a fuel surcharge?

What is the formula for fuel surcharge?

The calculation looks like this: Original fuel price – Updated fuel price = Difference in fuel cost. Difference in fuel cost / Miles per gallon = Cost per mile. Cost per mile x Distance travelled = Surcharge.