Fuel Surcharge

Discussion in 'Ask An Owner Operator' started by crwn88rb, Nov 25, 2013.

  1. Nov 25, 2013 #1
    crwn88rb

    crwn88rb Bobtail Member

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    What price do you pay for your fuel as an owner op? The stated price, or the $2.50 fuel surcharge, etc? Or is the fuel surcharge subtracted from the stated price, then you pay the difference? Thanks to all replies.
     
    crwn88rb, Nov 25, 2013
    crwn88rb, Nov 25, 2013
    #1
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  3. Nov 25, 2013 #2
    Skunk_Truck_2590

    Skunk_Truck_2590 Road Train Member

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    Stonewall, LA.
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    If leased to a carrier, you get the carriers fuel discount which you get when you pump. Most cases, the driver pays the cost of the fuel (including discount) up front at the pump and the FSC is reimbursed with the drivers settlement which has to be broken down if the company doesn't already have an account that it will go into which is deducted from the settlement before the driver receives it (I.e. a tire or maintenance account which some companies require). The percentage of the surcharge received is solely based on what company you work for and with all the companies out there it can range from 70-100% FSC. I would try to find who has the highest FSC return because fuel is your number one highest expense.
     
    Skunk_Truck_2590, Nov 25, 2013
    Skunk_Truck_2590, Nov 25, 2013
    #2
    crwn88rb and GITRDUN45 Thank this.
  4. Nov 25, 2013 #3
    Allow Me.

    Allow Me. Trucker Forum STAFF Staff Member

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    Here's how it works. The truck owner is getting a certain amount of pay for the run. As an example, $2.10 per mile plus FSC. If leased to a company, you will get the same .98 cpm plus FSC. for every load. So, .98 cpm plus FSC .48 cpm (this is an example) = $1.46 per mile. At the fuel stop, you fuel up and pay the posted price. Most times, the truck co. has a per gallon discount they get from the truck stop. It may be more if they buy more each month. So, on your settlement, you did a load paying 1600 mi. times $1.46 a mile minus your fuel costs charged to the company and other "deducts"the company charges you, such as insurance etc.
     
    Allow Me., Nov 25, 2013
    Allow Me., Nov 25, 2013
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    GITRDUN45 and crwn88rb Thank this.
  5. Nov 25, 2013 #4
    Skunk_Truck_2590

    Skunk_Truck_2590 Road Train Member

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    Allow me, thanks for summing that up better than I did. I was trying to answer that at 2am with my eyes half closed. I tried to proof read it 4 different times before I gave up lol.
     
    Skunk_Truck_2590, Nov 25, 2013
    Skunk_Truck_2590, Nov 25, 2013
    #4
  7. Dec 4, 2013 #5
    GITRDUN45

    GITRDUN45 Heavy Load Member

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    Are all loads negotiated on fuel SC also as is the PM rate? Or when dealing on load you just focus on one flat Pm rate?
     
    GITRDUN45, Dec 4, 2013
    GITRDUN45, Dec 4, 2013
    #5
  8. Dec 4, 2013 #6
    Allow Me.

    Allow Me. Trucker Forum STAFF Staff Member

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    If you're leased to a company (Swift, for instance), you will get your per mile rate, regardless of the shipper. Swift would negotiate any rate with the shipper. The FSC is suppose to be adjusted weekly, I believe, and is suppose to go 100% to the truck. However, there is a lot of manipulating that goes on especially with brokers. Many like to keep the FSC for themselves and tell the truck owner it's an "all in" rate. Any rate can be negotiated, even if the shipper says "we pay $2.05 a mile" . Well, yes they pay $2.05 a mile, that's IF the carrier will do it for that, right ? Just like a broker offering you $2.05 a mile, you can yay or nay.
     
    Allow Me., Dec 4, 2013
    Allow Me., Dec 4, 2013
    #6
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