FUEL SURCHARGE

Our Present Fuel Surcharge as of May 16th, 2018 is 14%

In 2001 fuel prices jumped from $0.50 to over $0.70 for the first time. The trucking industry responded by the implementation of a fuel surcharge as a way of offsetting this fluctuating expense.

Red River Messenger/Courier Inc’s fuel Surcharge Schedule is based on a $0.55 litre and grows by 1% for every $0.05 change in fuel prices.

Red River Messenger/Courier Inc will continue to follow this guideline indefinitely.

When fuel surpassed $1.40 in the summer of 2008, our fuel surcharge reached 18%.
December 1, 2008 fuel dropped down to $0.90 a litre, our fuel surcharge was 8%.

For most of 2010 fuel prices remained stable and our fuel surcharge stayed at 9% all year.

In 2011 fuel prices fluctuated but never reached heights seen in 2008.

Should fuel drop below $0.55 a litre Red River Messenger/Courier would not have a fuel surcharge.

In late 2012 diesel fuel reached an unprecedented  high and continues to be a major expense in the trucking industry.

Since February 1, 2014 fuel surcharge has been calculated as the average price of regular gasoline and diesel.

(For example if gasoline is $1.10/ litre and diesel $1.35/ litre. Then the average of the two is $1.23 and fuel surcharge would be 14%)

Red River Messenger/Courier Inc. Fuel Surcharge
-.549 0
.550-.599 1%
.600-.649 2%
.650-.699 3%
.700-.749 4%
.750-.799 5%
.800-.849 6%
.850-.899 7%
.900-.949 8%
.950-.999 9%
1.00-1.049 10%
1.05-1.099 11%
1.10-1.149 12%
1.15-1.199 13%
1.20-1.249 14%
1.25-1.299 15%
1.30-1.349 16%
1.35-1.399 17%
1.40-1.449 18%
1.45-1.499 19%
1.50-1.549 20%

 

Average gas and diesel price as of May 16th, 2018 is $1.2733 for Reg Gas and $1.2093 Diesel.

Fuel average of  $1.2413

Fuel Surcharge is evaluated on the 1st and 16th of every month and is determined by the average pump price of regular gasoline and diesel fuel combined as displayed on WinnipegGasPrices.com.

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