FUEL SURCHARGE POLICY[ Return to Main Menu ] [ Download PDF Copy ]
Effective January 2013 Lincoln Archives, Inc. will be implementing a fuel surcharge that is adjusted monthly. Adjustments to the fuel surcharge basis will be effective the first of each month.
The fuel surcharge is indexed to the National U.S. Average On-Highway Diesel Fuel Prices (for New England (PADD1A) region) reported by the U.S. Department of Energy for the month that is two months prior to the adjustment. For example, the surcharge for January 2007 is based on the November 2006 National U.S. Average On-Highway Diesel Fuel Price.
Please view the following link On-Highway Diesel Fuel Prices to reference the U.S. Department of Energy's National U.S. Average On-Highway Diesel Fuel Prices (for New England (PADD1A) region) for the reported diesel fuel pricing information. (NOTE: If you click on the link, it will open in a new window.) Fuel surcharge percentages and thresholds are subject to change without prior notice. If the fuel surcharge price basis rises above $6.046 per gallon or there are changes to the thresholds, the table will be updated.
Billing: The fuel surcharge will be included on your invoice as a separate line item. The fuel surcharge will be applied against transportation-related charges to include Trip Charges and Shredding Services. For a complete list of line items included in the fuel surcharge calculation, please refer to the following table:
As seen in the table below, the base rate was set at $2.545. This base rate was determined by the national average On-Highway Diesel Fuel Price for November 2006.
|At Least||But Less Than||Surcharge|
Assume that your contracted trip charge is $15.00. If the average On-Highway Diesel Fuel Price was $2.60/gallon for a measurement month, the surcharge (applied to the month that follows the measurement month by two months) would be 0.60%. In dollar terms, that would be $15/trip X 0.60% = $0.09/trip surcharge.
For a shredding customer, the surcharge will be applied to your shredding services. If you have a shredding service charge of $75 X 0.60% = $0.45/shredding service surcharge.
If the Average, On-Highway Diesel Fuel Price was to $3.00/gallon for a measurement month, the surcharge would be 3.00% and, using the same math, the surcharge would be $0.90/trip or $2.25/shredding service.
The table above only goes up to $6.046/gallon. If necessary, it will be expanded to cover higher fuel prices. The surcharge is a percentage so that higher or lower trip or shredding charges will have correspondingly higher or lower surcharges.
On January 23, the Buffalo Law Journal published an article written by our president, William Palisano. The article, entitled: "Ransomware: a tale of two victims" tells the story of two clients affected by this type of cyber-attack. They were similar attacks but had vastly different results. Read the article here, and learn how to protect yourself from this type of attack:
Take a 40 Second Tour of our Company
|Tweets by @Lincolnarchive|
Or please feel free to call our office (716) 871-7040 for an instant reply!.