So ive been pondering this fuel surcharge thing for a while now and finally sat down and crunched some numbers. So if im wrong please let me know. as of 7 July 2014 . National Average of Diesel - Base Fuel Price(negotionable with carrier) $3.91 - $1.25=$2.66 Divided by your MPG(Miles Per Gallon)(in this case 5mpg) $2.66 /5= $0.53 . So your fuel surcharge is $0.53 per mile Now to figure out how much you would acttually pay per gallon of fuel Fuel Surcharge x MPG $0.53 x 5 = $2.66 National Average - (FS x MPG) $3.91 - 2.66 = $1.25 As a driver you would pay $1.25 per gallon of fuel compared to the national average of $3.91 Now to crunch some more numbers. Lets say you are doing a 578 mile run from point A to point B Without Surcharge: (578 miles / 5 mpg) x $3.91 = $451.996 With Surcharge: (578 miles / 5 mpg) x $1.26 = $145.656 So with a fuel surcharge you would save $306.34 in fuel costs. Thanks for looking at this and please let me know if I am wrong.
578 cut in half is $286 in surcharge. give or take a couple of pennies. loads have paid anywhere from .40 to .60 though. while the price of fuel has stayed for over 5 years. but the easiest math is basically $.50 per mile.
thanks cause i was always wondering how trucking companies paying 90 cent a mile and thats the going rate i dint understand
keyword being :the going rate: $.90 per mile is all i've seen offered since the day i got my cdl 15 years ago. what's the fuel surcharge they offering??? $.40. and it's probably a flat fee i'm guessing? when i first started driving. fuel was $1.25. i don't even think fuel surcharge was even a word back then. i'd sure like to know what your benefits are for hauling at that rate though., most of us can't see how you make any money with those high payments and cheap rates.
Also consider that the fuel surcharge is based on Book Miles, not actual miles driven, which are usually short 4 to 10 per cent of actual miles.
snow your right, i got my license in 1996 and bought my rig in 2001 . fuel was 1.90 and then fuel went up to 4.00 in about 2006 and i was done. then i got my own authority with more responsible but the pay was better. now dealing with that its a patience game and have to wait for the best load. then find some good brokers that will treat u right and stick with them
the world is so greedy the bible talks about it in the last days not to throw that in but these shippers are loaded with billions of dollars and their greed is not for the pool man thats trying to make it work. its a equation of formula that has to work to make money in any business especially trucking
I'm pretty sure the fuel surcharge is figured at 6mpg not 5 that's how companies are making money on the fuel surcharge when their trucks are getting 9mpg
You can base the fuel surcharge on anything you want ... just got to get who ever is paying the bills to agree to it.
