Canada Post has been tacking on fuel surcharges for nearly 20 years as “a standard industry practice,” due to the fluctuation of fuel prices and their changing impact on operational costs, Canada Post spokesperson Phil Rogers told the Star.
Fuel Surcharge FAQs The most common fuel surcharge per mile is a $0.01 per mile charge for every $0.06 increase in diesel fuel prices above the agreed upon base fuel price. However, because base fuel prices can vary from company to company (and even contract to contract), it is hard to determine an exact average.
What is the fuel surcharge for 2023?
Post Sales Ground Fuel Surcharge History: August 7, 2023 – September 3, 2023 20.75% July 3, 2023 – August 6, 2023 20.75% June 5, 2023 – July 2, 2023 20.75% May 1, 2023 – June 4, 2023 20.75% April 3, 2023 – April 30, 2023 20.00% March 6, 2023 – April 2, 2023 20.00% February 6, 2023 – March 5, 2023 19.75% January 2, 2023
What is the fuel surcharge rate in Canada?
The surcharge is set as a percentage: 8.8% for LTL, and 20.7% for TL. Many Canadian shippers use the FCA percentages to index their own surcharge, which matches an increase in the price to the surcharge, to each increase in fuel prices over the baseline price.
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