News From NRRA's Finance Department: Fuel Surcharges
NRRA works hard for you in many ways you might not be aware of! An important part of our job is to look out for you, our members. We are constantly checking to make sure transactions and pricing are correct. In addition, we always keep our members’ best interests in the forefront. One example of this is fuel surcharges.
You may ask, what is a fuel surcharge? A fuel surcharge is an extra fee that many companies that haul commodities charge to cover the fluctuating cost of fuel. It is usually calculated as a percentage of the base haul rate and is then added to the freight bill to cover the cost of operations.
NRRA works to ensure that those vendors who assess fuel surcharges have a process in place to periodically review them and make any adjustments if necessary.
Due to recent decreases in fuel prices (diesel/gas), NRRA reached out to its vendors to request that they revisit and reduce their fuel surcharges. As a result, some of our members will see/have seen a reduction in these costs.
This is just one of the many benefits of your membership to the NRRA.