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).
As of 1/2/2018, Spinnaker reset the surcharge to .004 in accordance with our price increase announced in November of 2017. A revised corresponding table is below.
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 175.3, the surcharge should be .005/MSI, however Spinnaker will temporarily hold our .004/MSI surcharge. As stated above, we will review this index quarterly and adjust the surcharge accordingly.