Magnum Logistics charge a fuel adjustment factor (FAF) monthly which varies depending on the price of fuel each month. The following scale table represents the fuel adjustment by reference to the average regional pump price. The information is drawn from www.theAA.com and can be found on the AA website. The report on the AA website (South East, litre price) is published in arrears and the fuel escalator is applied on the third month. For example, January fuel percentage will be applied in March and so on.
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[title] => When uncertainty is the only certainty
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[content] => BIFA’s Robert Keen bids a sad farewell to Lloyd’s Loading List at a time of many challenges for the freight sector it has written about for so many years. But he says customers ‘should go into the new year with some reassurance that their logistics partners are adept at dealing with both uncertainty and insecurity’
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EMERGENCY FUEL SURCHARGE
Please be advised that due to the current fuel price increase caused by the Ukraine crises we have no alternative then to apply a Emergency Fuel Surcharge on a new weekly basis, starting with immediate effect. The surcharge will be taken on the UK Government Weekly Road Price Report as found on www.Gov.uk
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