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FUEL SURCHARGE PER MILE TABLE Recently the price of fuel has escalated, and it is necessary to institute a fuel surcharge to apply in addition to our line haul pricing. In order to assist in offsetting
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How to fill out fuel surcharge per mile

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How to fill out fuel surcharge per mile:

01
Calculate the total number of miles traveled: Start by recording the starting and ending mileage for your trip. Subtract the starting mileage from the ending mileage to determine the total number of miles traveled.
02
Determine the fuel cost per gallon: Find out the current cost of fuel per gallon. This information is usually available at gas stations or you can check online.
03
Determine the average fuel economy of your vehicle: Calculate the average number of miles your vehicle can travel on a gallon of fuel. This information can typically be found in your vehicle's owner's manual or by researching the make and model of your vehicle.
04
Calculate the total fuel cost: Multiply the total number of miles traveled by the average fuel economy of your vehicle. Divide this number by the number of miles per gallon your vehicle can travel to determine the total number of gallons of fuel used. Finally, multiply this number by the cost per gallon of fuel to get the total fuel cost.
05
Calculate the fuel surcharge per mile: Divide the total fuel cost by the total number of miles traveled to determine the fuel surcharge per mile.

Who needs fuel surcharge per mile:

01
Trucking companies: Fuel surcharge per mile is commonly used by trucking companies to account for the fluctuating cost of fuel. As the price of fuel changes, trucking companies adjust their rates to ensure they are adequately compensated for the fuel expenses.
02
Independent truck drivers: Independent truck drivers who operate their own vehicles often need to calculate fuel surcharges to cover their fuel expenses. This helps them to ensure they are covering their costs and making a profit.
03
Courier services: Courier services that rely on vehicles for their deliveries may also need to calculate fuel surcharges per mile. This helps them factor in the cost of fuel when pricing their services and ensures they are adequately compensated.
In conclusion, filling out fuel surcharge per mile involves calculating the total number of miles traveled, determining the fuel cost per gallon, calculating the average fuel economy of the vehicle, and finally calculating the fuel surcharge per mile. This calculation is typically used by trucking companies, independent truck drivers, and courier services to account for the fluctuating cost of fuel and ensure they are adequately compensated for their expenses.
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Fuel surcharge per mile is an additional fee that is added to the cost of transportation based on the distance traveled.
Trucking companies and carriers who transport goods are required to file fuel surcharge per mile.
To fill out fuel surcharge per mile, companies need to calculate the surcharge based on the current fuel prices and the distance traveled, then report this information to the relevant authorities.
The purpose of fuel surcharge per mile is to help companies offset the rising costs of fuel and ensure that they are adequately compensated for transportation services.
The information that must be reported on fuel surcharge per mile includes the distance traveled, the current fuel prices, and the calculated surcharge amount.
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