BRIDGE CITY, Texas — Schneider National has thrown its considerable weight behind a tool that it says provides more accurate fuel surcharge rates.
FuelSurchargeIndex.org, developed by ProMiles, provides shippers with a precise and accurate calculation of a carrier’s fuel cost for each individual load, the company claims.
“The best fuel surcharge program offers neutrality for both the shipper and carrier, low-cost of administration, verifiable/auditable data and a direct link to the day and route of a load,” says Mark Rourke, president of transportation services at Schneider National. “FuelSurchargeIndex.org accomplishes all of that and more. It’s an easy-to-use system that creates fairness and simplifies fuel surcharge calculations. It’s time to replace the antiquated US Department of Energy process with one that makes sense for everyone in the transportation community. We are very excited to put this tool to work for our customers.”
Today, many carriers rely on the US Department of Energy’s National Retail Average to calculate a baseline for fuel surcharges. However, ProMiles’ FuelSurchargeIndex.org provides shippers and carriers with fuel prices from over 5,500 truck stops, updated every 24 hours. This allows carriers to calculate their cost of fuel over a specific route, according to the company.
“Shippers are scrutinizing their energy spending more carefully than ever before and want to better understand how carriers arrive at a fuel surcharge rate,” says Tony Stroncheck, president, ProMiles. “The FuelSurchargeIndex.org tool, backed by our company’s data collection expertise, provides both the data integrity and visibility into fuel cost information that today’s shippers need.”
Shippers can use the tool by entering a load’s origin, destination and date. The site also allows shippers and carriers to link their payment systems so the figure generated by the site automatically becomes the bill rate, according to the company.
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