Railroad fuel surcharges on grain shipments have more than doubled over the past year, rippling through the farm belt and raising transportation costs as many farmers struggle with higher costs.
Fuel surcharges for rail grain transportation in the United States rose sharply ahead of the active corn and soybean harvesting phase. According to USDA data, in the second week of September, the average increase was $0.48 per mile per car, up 153% from a year earlier. Because of this, the share of fuel surcharge in the total cost of rail transportation of corn and soybeans increased to [...]
The post Railroad fuel surcharges in the US put press…
Diesel prices, which surged due to the Iran war, have hit grain transportation in the US. Railroad fuel surcharges increased by 153 percent in a year to 48 cents per railmile; the share of corn and soybean transportation costs rose to 11 percent.