16 May 2008 - #15
Airfreight Fuel Surcharges
The current market conditions for the price of jet fuel remain very dynamic and on an upward trend. In an effort to reduce the effect of the increasing cost of jet fuel on their overall operational costs, airlines have announced and implemented further increases to their airfreight fuel surcharges with effective dates on or around the week of May 19th.
Expeditors will adjust its airfreight fuel surcharges from the below regions to the following new levels effective Tuesday, May 20th.
From Europe/Africa:
- to all destinations: EUR 1.05/kg or USD 1.05/kg (or the local currency equivalent of the prevailing country)
From Middle East / Indian Sub-continent
- to all destinations: EUR 1.05/kg or USD 1.05/kg (or the local currency equivalent of the prevailing country)
From North America
- to Europe/Africa: USD 1.05/kg
- to Middle East/Indian sub-continent: USD 1.05/kg
- to Asia: USD 1.05/kg
- to Latin America South Cone region: USD 1.50/kg
- to Latin America Andean, Central America and Caribbean region: USD 1.20/kg
- to South Pacific: no change
- intra North America: USD 1.30/kg
Expeditors provides information on the fuel surcharge levels for exports from Asian origins through a fuel surcharge matrix updated on a weekly basis. Expeditors' customers can obtain a copy of the fuel surcharge matrix by contacting their local Expeditors office. There are increases to fuel surcharges on shipments from Asia at this time as well, and the changes can be viewed in the weekly matrix.
Unless listed above, fuel surcharges from other regions remain unchanged.
Expeditors Newsflash, 44 20 8745 8600, expeditors.newsflash@expeditors.com
Expeditors' Newsflash articles are compiled from a number of public sources that, to the best of Expeditors' knowledge, are true and correct. It is our intent to present only accurate information. However, in the event any information contained herein is erroneous, Expeditors International of Washington, Inc. accepts no liability or responsibility.
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