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How will LXP handle fuel surcharges? Will they absorb fuel surcharge losses until the next Benchmark adjustment?

April 26, 2017adjustment benchmark FUEL losses lxp surcharge surcharges

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How will LXP handle fuel surcharges? Will they absorb fuel surcharge losses until the next Benchmark adjustment?

1 Answer

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10 Posted

LXP is establishing a system wide, single fuel schedule for use in establishing Strategic Carrier relationships for Dry Van and Refrigerated. Carriers will be paid according to these schedules, updated weekly with DOE indices. LXP will adjust fuel rates up or down slightly on each lane on a monthly or quarterly basis, with an objective of being ‘fuel neutral´ on each lane.