Fuel surcharge

With changes in fuel prices affecting the logistics industry, Team Global Express standardised and reset its fuel surcharge (FSC) 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:
Effective 4 March 2024
Standard Pallets
Standard Parcels (IPEC)
Priority
Fuel Surcharge
17.09%
10.73%
10.60%
Fuel Surcharge by Type
 
 
5.80%
4.80%
Fuel Type
Diesel
Diesel
Diesel
Jet Fuel
Fuel Price
$1.507
$1.507
$1.507
$1.985
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
Refrech Frequency
Monthly
Monthly
Monthly
Monthly

Historical Fuel Surcharge

Date
Standard Pallets
Standard Parcels
Priority
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%
Effective 6 November 2023
20.84%
13.09%
13.51%
Effective 2 October 2023
20.76%
13.04%
12.74%
Effective 4 September 2023
18.68%
11.73%
10.39%
Effective 7 August 2023
13.59%
8.54%
8.43%
Effective 3 July 2023
12.54%
7.87%
8.15%
Effective 5 June 2023
12.72%
7.99%
8.70%
Effective 1 May 2023
14.67%
9.21%
9.48%
Effective 3 April 2023
15.29%
9.60%
10.05%
Effective 27 March 2023
16.07%
10.09%
10.74%
Effective 4 March 2024