Fuel Surcharge
Fuel surcharge
With changes in fuel prices effecting the logistics industry, Team Global Express standardised and reset its fuel surcharge mechanism and freight rates, as of March 2023, to simplify how we pass on fuel costs to our customers. The fuel surcharge may increase, decrease, or remain constant depending on the movement in fuel prices.
To provide greater transparency into how we calculate the fuel surcharge, we have provided the new formula which will be applied in calculating the surcharge:
To provide greater transparency into how we calculate the fuel surcharge, we have provided the new formula which will be applied in calculating the surcharge:
Effective 27 March 2023
Standard Pallets
Standard Parcels (IPEC)
Priority
Fuel Surcharge
16.07%
10.09%
10.74%
Fuel Type
Diesel
Diesel
Diesel
Jet Fuel
Fuel by Fuel Type
16.07%
10.09%
5.46%
5.29%
Fuel price
$1.462
$1.462
$1.462
$2.073
Base month
Nov 2020
Nov 2020
Nov 2020
Nov 2020
Base rate
$0.747
$0.747
$0.747
$1.315
Component weighting
16.80%
10.55%
5.70%
9.16%
Index source
AIP National Average
AIP National Average
AIP National Average
VIVA Average Major Cities
Refresh frequency
Monthly
Monthly
Monthly
Monthly