Fuel Surcharge | Team Global Express
How to calculate your fuel 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:
FSC = (Current Fuel Price - Base Fuel Price) / Base Fuel Price x BU's Fuel Component Weighting.
Current Fuel Surcharge Table
| Effective Date - 4 November 2024 | Standard Pallets | Standard Parcels (IPEC) | Priority | |
|---|---|---|---|---|
| Fuel Surcharge | 11.67% | 7.33% | 7.97% | |
| Fuel Surcharge by Type | 3.96% | 4.01% | ||
| Fuel Type | Diesel | Diesel | Diesel | Jet Fuel |
| Fuel Price | $1.266 | $1.266 | $1.266 | $1.872 |
| Base Month | Nov 2020 | Nov 2020 | Nov 2020 | Nov 2020 |
| Base Price | $0.747 | $0.747 | $0.747 | $1.302 |
| 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 |
Historical Fuel Surcharge
| Date | Standard Pallets | Standard Parcels | Priority |
|---|---|---|---|
| Effective 7 October 2024 | 11.55% | 7.25% | 8.37% |
| Effective 2 September 2024 | 13.87% | 8.71% | 9.42% |
| Effective 5 August 2024 | 15.20% | 9.55% | 9.82% |
| Effective 1 July 2024 | 14.30% | 8.98% | 9.48% |
| Effective 3 June 2024 | 15.01% | 9.42% | 10.32% |
| Effective 6 May 2024 | 16.56% | 10.40% | 10.82% |
| Effective 1 April 2024 | 16.38% | 10.28% | 10.87% |
| Effective 4 March 2024 | 17.09% | 10.73% | 10.60% |
| Effective 5 February 2024 | 14.75% | 9.26% | 9.92% |
| Effective 1 January 2024 | 14.90% | 9.36% | 10.47% |
| Effective 4 December 2023 | 17.41% | 10.93% | 11.97% |