What is the structure of the Surcharge and how can customers track the index we use?
In March of 2015, Spinnaker instituted a per-MSI freight surcharge added to all Roll product invoices, based on the Bureau of Labor Statistics LTL Freight Price Index (data series PCU484122484122).
The surcharge may be adjusted quarterly on the first day of the month following the publication of the updated index (typically 3 weeks after the end of a calendar quarter).
Spinnaker chose to defer increasing the surcharge in October, 2016 and subsequent quarters, in the belief that an increase in the index was temporary. It has instead escalated to levels now that we must now adjust to the surcharge levels defined in our surcharge table published in March 2015.
If you or customers wish to access this price index series, go to http://data.bls.gov/timeseries/pcu484122484122?output_view=pct_3mths and choose “Other formatting options”.
Based on the current index reading of 172.8, the new surcharge will be $0.008 per MSI as of November 1, 2017.