Our Present Fuel Surcharge as of March 16th, 2019 is 12%
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|
Average gas and diesel price as of March 16th, 2019 is $1.121 for Reg Gas and $1.175 for Diesel.
Fuel average of $1.070
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.