Schneider National announced that it has updated its fuel surcharge program for owner-operators and fleet owners. Effective immediately, Schneider will pay fuel surcharges on both empty and loaded miles, which the carrier says will increase revenues for owner-operators and fleet owners amid volatile and rapidly rising fuel costs.
Additionally, a new payout table — one that Schneider says is easier to understand — will replace the company’s previous fuel program formula, with the payout rate based on price bands relative to the weekly Department of Energy fuel price.
Finally, the company will eliminate the lag in paying out the fuel surcharge and compensate owner-operators and fleet owners for both the loads and fuel surcharge on the same weekly settlement.
“Fuel continues to be the top cost for owner-operators and fleet owners,” says Mike Bethea, field operations manager/contractors for Green Bay, Wis.-based Schneider National. “Today’s business climate is a difficult one, and we want to help our owner-operators and fleet owners continue to succeed and become more profitable. This investment recognizes the value they bring to Schneider and our clients nationwide.”
Schneider National contracts with about 3,000 owner-operators and fleet owners across North America.
