Jet Fuel Surcharge
A jet fuel surcharge is an additional tax charged on air freight shipments to account for fluctuations in aviation fuel prices. Because fuel is one of the most significant operating expenditures in air cargo transport, carriers use this dynamic surcharge to maintain profitability and uninterrupted service during periods of rising fuel prices. The surcharge is typically calculated per kilogram and changed on a regular basis to reflect gasoline index changes and market prices.
CargoWise enables freight forwarders and logistics providers to automatically calculate and apply jet fuel surcharges using configurable rate tables and carrier agreements. This not only assures accurate billing but also increases transparency for clients who receive air freight rates. By combining surcharge data with invoicing and shipment modules, CargoWise enables logistics companies to remain competitive while adjusting to volatile fuel markets. The system’s real-time pricing visibility enables users to make educated decisions and ensure profitability across all air transport operations.