Transparency all the way
Fuel charges are just a regular part of logistics and due to on-going fuel price fluctuations, iCumulus Global Express (IGX) applies a fuel surcharge to all shipments. This approach provides our customers with a transparent charging mechanism reflecting changes in fuel related costs.
Domestic Fuel Surcharge
The domestic fuel surcharge is a charge applied by iCumulus Global Express which reflects changes in a range of fuel related cost factors. These factors include movements in the price of diesel supplied to IGX, the estimated fuel related costs of IGX’s transport suppliers and the jet fuel related charges of IGX’s airline haul suppliers.
iCumulus Global Express Australia - Domestic Fuel Surcharge
Effective Domestic Fuel Surcharge Rate:
From 28 March to 24 April 2021: 17.2% Road Express
From 28 February to 24 March 2021: 9.8% Aviation
International Fuel Surcharge
Effective as of the 3rd June 2019, iCumulus Global Express’s International Fuel Surcharge will be adjusted on a weekly basis rather than monthly according to the published range table found below. The indices used will continue to be the spot price for US Gulf Coast (USGC) kerosene type jet fuel but using the weekly index as opposed to the monthly index.
There will be a two-week lag in the application of the fuel surcharge index. For example, the surcharge for the 3rd June 2019, will be based on the average spot price reported for the 24th May 2019. Changes to the fuel surcharge are effective each Monday. Information on the fuel surcharge for each week will be available online usually from the Friday before the surcharge is applicable.
From 28 March to 24 April 2021:10.2%
How does the fuel surcharge work?
Each month, IGX measures changes in the price of diesel supplied to IGX, the estimated fuel related costs of IGX’s transport suppliers and the jet fuel related charges of IGX’s airline haul suppliers (over the relevant three-month period) against a weighted benchmark for diesel and jet fuel prices. The surcharge also reflects a weighting of IGX’s direct and indirect fuel related costs to total cost which is reviewed from time to time.
How often will the IGX fuel surcharge change?
How will customers know the amount of next month's surcharge?
IGX will advise the following month's fuel surcharge on this website.