How do you calculate a 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.
What is FedEx ground fuel surcharge?
FedEx Fuel Surcharge One of the more controversial surcharges that FedEx and other private carriers apply to shipments is the fuel surcharge. Fuel charges are applied to shipments to help carriers offset the rising costs of fuel and are calculated as a percentage the package cost.
What is FedEx surcharge?
FedEx defines a residential surcharge as a shipment addressed to a home or private residence. Including locations where a business is operated from home or a shipment where the shipper designates the delivery address as residential.
What is the fuel surcharge rate?
http://www.eia.gov/oog/info/wohdp/diesel.asp
| At Least | But Less Than | Fuel Surcharge |
|---|---|---|
| $ 1.801 | $ 1.85 | 3.00% |
| $ 1.851 | $ 1.90 | 3.50% |
| $ 1.901 | $ 1.95 | 4.00% |
| $ 1.951 | $ 2.00 | 4.50% |
What is the average fuel surcharge rate?
The fuel surcharge range is between $1.50 per gallon and $7.00 per gallon.
What is a fuel surcharge?
A fuel surcharge is a separate, additional fee added above the current contract rate when the cost of fuel exceeds a defined level. Key terms to understand: Average Miles Per Gallon (mpg) – The average fuel consumption for a loaded big rig today is about 6 mpg.
What is the national average fuel surcharge?
To determine the current fuel surcharge, click the link below to view the DOE Weekly On-Highway fuel price….http://www.eia.gov/oog/info/wohdp/diesel.asp.
| At Least | But Less Than | Fuel Surcharge |
|---|---|---|
| $ 1.701 | $ 1.75 | 2.00% |
| $ 1.751 | $ 1.80 | 2.50% |
| $ 1.801 | $ 1.85 | 3.00% |
| $ 1.851 | $ 1.90 | 3.50% |
How are FedEx rates calculated?
We calculate prices using either the dimensional weight (dim weight) or actual weight of the package—whichever is greater. (Dim weight reflects a package’s density—that is, the amount of space a package occupies in relation to its actual weight.) Usually, the bigger and heavier your shipment is, the more it will cost.
How do you calculate fuel?
Fuel = Distance / 100 x Consumptionper 100 mi For example, if the distance is 300 miles and the consumption is 5 gallons per 100 miles, you will need 300 / 100 x 5 = 15 gallons of gas. Both formulas are applicable for metric units – km and liters, just make sure you do not mix metric units.