Tariff NS - 8003 Terms

For prices referring to Tariff NS 8003

Effective 7/01/2006

The current fuel adjustment to be applied is 12.9% effective May 1, 2012, and was calculated from the average WTI price for March 2012. The surcharge will be 12.0% for June 2012 based on the average WTI for April 2012.

Fuel Surcharge
Effective Date Surcharge
Amount Surcharge
Status Avg. Monthly
WTI Price Basis
Month

05/01/2012 12.9% Effective $106.19 March 2012

06/01/2012 12.0% Pending $103.33 April 2012

07/01/2012 10.2% TBD $97.04 May 2012

Tariff NS-8003 will apply to all traffic moving on NS issued rate authorities with notes that reference Tariff NS-8003.

The formula for determining the fuel surcharge is based on the monthly average price of West Texas Intermediate Crude Oil (WTI Average Price), an industry standard for tracking oil prices. The WTI Average Price for a given calendar month is determined by adding the daily WTI prices published in the Wall Street Journal during a calendar month and dividing the result by the number of days so published. The result is rounded to the nearest cent.

The fuel surcharge will be 0.3% of the linehaul freight charge for every $1 per barrel, or portion thereof, by which the WTI Average Price exceeds $64. The following schedule provides the new fuel surcharge within the noted WTI Average Price ranges:

Fuel Surcharge Rates

WTI Average Surcharge WTI Average Surcharge

$64.00 & Below None $87.01 - 88.00 7.2%

$64.01 - 65.00 0.3% $88.01 - 89.00 7.5%

$65.01 - 66.00 0.6% $89.01 - 90.00 7.8%

$66.01 - 67.00 0.9% $90.01 - 91.00 8.1%

$67.01 - 68.00 1.2% $91.01 - 92.00 8.4%

$68.01 - 69.00 1.5% $92.01 - 93.00 8.7%

$69.01 - 70.00 1.8% $93.01 - 94.00 9.0%

$70.01 - 71.00 2.1% $94.01 - 95.00 9.3%

$71.01 - 72.00 2.4% $95.01 - 96.00 9.6%

$72.01 - 73.00 2.7% $96.01 - 97.00 9.9%

$73.01 - 74.00 3.0% $97.01 - 98.00 10.2%

$74.01 - 75.00 3.3% $98.01 - 99.00 10.5%

$75.01 - 76.00 3.6% $99.01 - 100.00 10.8%
$76.01 - 77.00 3.9% $100.01 - 101.00 11.1%

$77.01 - 78.00 4.2% $101.01 - 102.00 11.4%

$78.01 - 79.00 4.5% $102.01 - 103.00 11.7%

$79.01 - 80.00 4.8% $103.01 - 104.00 12.0%

$80.01 - 81.00 5.1% $104.01 - 105.00 12.3%

$81.01 - 82.00 5.4% $105.01 - 106.00 12.6%

$82.01 - 83.00 5.7% $106.01 - 107.00 12.9%

$83.01 - 84.00 6.0% $107.01 - 108.00 13.2%

$84.01 - 85.00 6.3% $108.01 - 109.00 13.5%

$85.01 - 86.00 6.6% $109.01 - 110.00 13.8%

$86.01 - 87.00 6.9% $110.01 & Above *

* The fuel surcharge will be 13.8%, plus an additional 0.3% of the line-haul freight charge for every $1.00 per barrel, or portion thereof, by which the WTI Average Price Per Barrel exceeds $110.00.

The fuel surcharge shall be applied to each shipment having a bill of lading dated on or after the 1st day of the second calendar month following the calendar month of a given WTI Average Price calculation. The fuel surcharge will change monthly per the table below:

Calendar Month of
WTI Average Price Fuel Surcharge
Applied

January March 1

February April 1

March May 1

April June 1

May July 1

June August 1

July September 1

August October 1

September November 1

October December 1

November January 1

December February 1

Notice of current fuel surcharge in effect as well as any changes to the fuel surcharge will be provided on the NS Web site. In addition, while the fuel surcharge remains in effect, NS will provide daily updates on the prior, current and projected surcharges. From the tool bar on the main NS Homepage, simply select "Fuel Price News " from the dropdown menu.