What is the average fuel surcharge rate?

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 fair fuel surcharge?

A fuel surcharge is a flat rate that allows the cost of fuel to be incorporated into shipping rates in a fair manner and allows shippers to have a fixed fuel cost they can count. A fuel surcharge accounts for fluctuating fuel prices and the average cost of transporting goods.

How do you figure fuel surcharge as a percentage?

If you charge a base rate of $1.50 per gallon, you get $2.30. You divide $2.30 into your average mileage. At a standard 6 miles per gallon, you get $0.383. Divide that number into your base rate and, in this example, you get 0.255, or 25.5 percent.

What is the current LTL fuel surcharge?

On 3/16/22, the fuel surcharge was changed to 46.12% for LTL and 92.24% for TL based on the national average of $5.250 per gallon, and will begin to update on Wednesdays with the current weeks National Average.

How are surcharges calculated?

Deduct the sales tax fee for the product (if it is a taxable item) based on the tax rate for the state where you purchased the item. If the sales tax rate is 7 percent, the sales tax fee in this example is $0.21 ($3 times . 07). The total amount of the credit card surcharge is $2.00 less $0.21 or $1.79.

How is fuel surcharge calculated UPS?

Billing. Ground and UPS SurePost® Fuel Surcharge. Domestic Air Fuel Surcharge….Ground and UPS SurePost Fuel Surcharge.