Spring and the Summer-Grade Gasoline Price Bump

May 7, 2008 - For many, the sight of a bird’s eggs hatching or tulips blooming signifies the arrival of spring. Historically, spring is also the time for rising gasoline prices. Over the last 10 years, the monthly average retail price for regular-grade gasoline has increased by an average 7 cents a gallon from April to May.  In EIA’s latest Short-Term Energy Outlook, the average gasoline wholesale price for May is projected to increase by 10 cents per gallon from last month.

One reason for the rising gasoline prices is the increase in demand as drivers roll down their windows and venture farther into the great outdoors. Another important, but less well known, reason is that May 1 marks the date for most of the country when more expensive-to-produce summer-grade gasoline is required (April 1 in southern California).....more (this link will take you to the Energy Information Administration website)

A Freight Rate Increase Of 4.7% Is Recommended

Fort Erie, ON, February 2008 The Tariff Advisory Committee (TAC) of the Freight Carriers Association (FCA) meets periodically to monitor economic conditions as well as the latest statistics on the profitability of general freight carriers.  TAC reviews major issues affecting the industry’s profitability and its ability to maintain and improve service.  The Committee recently reviewed current market conditions and cost increases. After a thorough review of the information, the Committee recommends that carriers raise their freight rates 4.7% effective March 31, 2008...more 

Une Augmentation des Tarifs de Transport de 4.7% est Recommandée

Fort Erie, ON, Février 2008 – Le Comité consultatif de la FCA au cours de ses rencontres périodiques fait le suivi des conditions économiques sur les divers marchés au Canada. Le Comité fait l’analyse de tout facteur majeur susceptible d’influencer la rentabilité de l’industrie du transport routier et sa capacité de se renouveler et bonifier ses services. Après une revue récente des conditions présentes dans les marchés et les hausses des frais d’exploitation subies au cours de la dernière année, le Comité recommande que les transporteurs routiers Canadiens augmentent leurs tarifs de transport de 4.7% dès le 31 mars 2008...more

CHANGES TO TAX SETTINGS IN THE SHIPMENT RATER MODULE IN THE FCA/NATC RATING SYSTEM.

The G.S.T and H.S.T. percentage is being reduced 1 percentage point effective January 1, 2008.

You can adjust the percentages in the Shipment rater module,

• by clicking on Settings in the top menu,

• then Sales Tax Settings

• then Set Taxes

You should reduce the GST to 5% and the HST to 13%.