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.

Current Month Avg. Pump Price Diesel (£) FAF%
Aug 20 1.14
Avg. Pump Price Diesel (£) FAF %
Min Max
1.190 1%
1.191 1.23 2%
1.231 1.27 3%
1.271 1.31 4%
1.311 1.35 5%
1.351 1.39 6%
1.391 1.43 7%
Avg. Pump Price Diesel (£) FAF %
Min Max
1.431 1.47 8%
1.471 1.51 9%
1.511 1.55 10%
1.551 1.59 11%
1.591 1.63 12%
1.631 1.67 13%
1.67 1.71 14%

       

 

Website By Heybridge Creative

Blog

  • Joomla\CMS\Feed\FeedEntry Object
    (
        [properties:protected] => Array
            (
                [uri] => https://www.lloydsloadinglist.com/freight-directory/news/Delicate-balancing-act-sees-long-term-ocean-freight-rates-holding-steady/77107.htm
                [title] => 'Delicate balancing act' sees long-term ocean freight rates holding steady 
                [updatedDate] => Joomla\CMS\Date\Date Object
                    (
                        [tz:protected] => DateTimeZone Object
                            (
                                [timezone_type] => 2
                                [timezone] => GMT
                            )
    
                        [date] => 2020-08-03 13:33:46.000000
                        [timezone_type] => 2
                        [timezone] => GMT
                    )
    
                [content] => However, latest intelligence shows that 'spot' levels 'have finally begun to slide on key Far East-North Europe and Far East-US West Coast trades, suggesting the recent re-instatement of routes and tonnage is driving down prices, says Xeneta
                [categories] => Array
                    (
                    )
    
                [contributors] => Array
                    (
                    )
    
                [links] => Array
                    (
                    )
    
                [publishedDate] => Joomla\CMS\Date\Date Object
                    (
                        [tz:protected] => DateTimeZone Object
                            (
                                [timezone_type] => 2
                                [timezone] => GMT
                            )
    
                        [date] => 2020-08-03 13:33:46.000000
                        [timezone_type] => 2
                        [timezone] => GMT
                    )
    
                [guid] => https://www.lloydsloadinglist.com/freight-directory/news/Delicate-balancing-act-sees-long-term-ocean-freight-rates-holding-steady/77107.htm
                [isPermaLink] => 1
                [comments] => 
                [author] => Joomla\CMS\Feed\FeedPerson Object
                    (
                        [email] => Stuart
                        [name] => Todd
                        [type] => 
                        [uri] => 
                    )
    
            )
    
    )
    
    'Delicate balancing act' sees long-term ocean freight rates holding steady
    2020 / 08 / 03
  • Joomla\CMS\Feed\FeedEntry Object
    (
        [properties:protected] => Array
            (
                [uri] => https://www.lloydsloadinglist.com/freight-directory/news/IAG-Cargo-Q2-revenues-up-more-than-30/77102.htm
                [title] => IAG Cargo Q2 revenues up more than 30%
                [updatedDate] => Joomla\CMS\Date\Date Object
                    (
                        [tz:protected] => DateTimeZone Object
                            (
                                [timezone_type] => 2
                                [timezone] => GMT
                            )
    
                        [date] => 2020-08-03 12:51:04.000000
                        [timezone_type] => 2
                        [timezone] => GMT
                    )
    
                [content] => Carrier 'rapidly developed one of the most comprehensive networks of scheduled cargo-only flights available'
                [categories] => Array
                    (
                    )
    
                [contributors] => Array
                    (
                    )
    
                [links] => Array
                    (
                    )
    
                [publishedDate] => Joomla\CMS\Date\Date Object
                    (
                        [tz:protected] => DateTimeZone Object
                            (
                                [timezone_type] => 2
                                [timezone] => GMT
                            )
    
                        [date] => 2020-08-03 12:51:04.000000
                        [timezone_type] => 2
                        [timezone] => GMT
                    )
    
                [guid] => https://www.lloydsloadinglist.com/freight-directory/news/IAG-Cargo-Q2-revenues-up-more-than-30/77102.htm
                [isPermaLink] => 1
                [comments] => 
                [author] => Joomla\CMS\Feed\FeedPerson Object
                    (
                        [email] => Stuart
                        [name] => Todd
                        [type] => 
                        [uri] => 
                    )
    
            )
    
    )
    
    IAG Cargo Q2 revenues up more than 30%
    2020 / 08 / 03

Our Working Partners

Contact Us

Magnum Logistics Limited,
Wharf Lane,
Vange Wharf,
Basildon
SS16 4SP

01268 554335

ops@magnumlogstics.co.uk

Cookies make it easier for us to provide you with our services. With the usage of our services you permit us to use cookies.
View Policy Ok