fuelsurcharge

LLN (8/226/22) – Marty Ellis is hearing about the high price of fuel. One way truckers can cope is the fuel surcharge. But many truckers who pay for the fuel say they’re not receiving the full surcharge. Also, we welcome back Tania Daniel of the International Factoring Association for part two of our conversation about factoring. Tania will break down UCC filings, how her association provides oversight for the industry, and who factoring is best suited for. And while we’ve had some positive developments recently, Tyson Fisher of Land Line Magazine joins us with a couple of less positive updates in the latest installment of The Parking Zone.

0:00 – Newscast. 

10:04 – Factoring, Part II.

24:56 – The Parking Zone.

39:51 – Fuel Surcharges.

FedEx and UPS fuel surcharges are at an all-time high. UPS express fuel surcharge is 22.75%, and the ground is 18% as of June 13, 2022. FedEx express fuel surcharge is 22.75%, and the ground is 19.25% as of June 13, 2022 Diesel prices have skyrocketed faster than gasoline, which has hit record levels. Generally, they’re rising quickly because of the same factors that have increased oil prices this year. The U.S.’s ban on importing Russian oil after the invasion of Ukraine has put an additional squeeze on diesel. The lack of refining capacity has a lot to do with the shutdown of six refineries and the impending closure of a seventh at the end of 2023.

Read More: https://bit.ly/3b7Bhb6

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LLN (4/26/22) – Yesterday, we talked about the history of the fuel surcharge – where it first came up, why, and OOIDA’s involvement. But how do you make use of the fuel surcharge? Also, Louisiana lawmakers want to allow longer, heavier loads at the state’s ports, and may double fines along an important bridge. And on the surface, ending the overtime exemption for truckers is about company drivers. But the bill calling for that would also benefit owner-operators.

0:00 – Newscast.

09:59 – Fuel surcharges, Part II.

24:53 – Longer, heavier at Louisiana ports.

39:35 – Overtime and owner-operators.

LLN (4/25/22) – Coping with sudden surges in the price of fuel is far from a new problem in trucking. Today, we’ll hear a little of the history of the fuel surcharge and get some advice on how to create one. Also, wondering how to contest incorrect violations on a driver vehicle inspection report? We’ll find out from attorneys Jeff McConnell and James Mennella of Road Law. And the past year has been a busy one in terms of state issues. We’ll have a review of efforts on towing reform, restroom access and other issues.

0:00 – Newscast.

09:59 – Fuel surcharges, Part I.

24:53 – Contesting incorrect violations.

39:35 – The year in state issues.

Does your company ship with FedEx? You know FedEx fuel surcharges and understand these additional costs of transportation impact profitability. Accordingly, a fuel surcharge is an extra fee to cover the fluctuating fuel cost. The calculation is a percentage of the base rate and is additional to the price of each package. Read More..

LLN (3/14/22) – The price of fuel is doubtless the No. 1 topic in the industry right now, and recovering some of that expense may require a fuel surcharge. Also, items 1, 2 and 3 in trucking news right now might be fuel prices. In a roundtable discussion, Jami Jones and Mark Schremmer of Land Line Magazine talk about what’s driving the news right now – from fuel prices and fuel surcharges to the convoy in D.C. and hours-of-service challenges. And an effort to reform police-dispatched towing in Maryland continues to move forward. We’ll take a look at where that stands, and take a look at OOIDA’s 2022 state legislative agenda.

0:00 – Newscast.

10:14 – Fuel surcharges and cost of operations.

24:47 – News of the day roundtable.

39:37 – Spending bill finally passes.