News and Events

Fuel Surcharge

´╗┐June 26, 2008

Subject: Fuel Surcharge

No doubt you have seen a multitude of articles and bulletins that have chronicled the upward spiralling costs of crude oil. Since January 1, 2008 crude oil has increased from $100.00 per barrel to $140.00 per barrel leading to gasoline and diesel fuel increases in excess of 30%. As a result, freight costs and in particular fuel surcharges have surged in the past twelve months to unprecedented highs, in most cases 25% and it would appear they are here to stay. Roofing distribution freight costs track about 5% of sales and thus even a 20% fuel surcharge is a 1% increase in freight costs.

Everest Supply has done its best to absorb all of these costs but we are now at a point where this is no longer possible. Thus, effective August 1, 2008 we will be introducing a 1% Fuel Surcharge on all project deliveries. This Fuel Surcharge will appear in the bottom right corner of our invoice and will calculate on the pre-tax amount.

We thank you in advance for your understanding and cooperation in this matter. Do not hesitate to contact the undersigned or your Everest Accounts Manager should you have any questions.

EVEREST SUPPLY INC.
Tim Davis
President


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Everest Supply specializes in the distribution of commercial building products.
Everest Supply