in this issue
Chemical Week Magazine :: Newsbriefs
STB Bars ‘Misleading’ Fuel Surcharges
1:38 PM MDT | July 25, 2007 | Chemical Week Editorial Staff
The Surface Transportation Board (STB; Washington) has issued a final rule declaring it an “unreasonable” practice for railroads to compute fuel surcharges that do not correlate with actual fuel costs for specific rail shipments. The rule prohibits railroads from assessing fuel surcharges based on a percentage calculation of the base rate charged to freight customers. It also calls for railroads to change the practice of “double-dipping,” or applying both a fuel surcharge and rate increase based on a cost index that includes a fuel cost...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee