Macon, GA, August 11, 2026 - We would like to provide an update on fuel-related surcharges and the broader cost pressures affecting freight, mining, and oil-based inputs.
In May, we announced a surcharge that was applied to all global shipments. This surcharge was based on escalating costs in mining, purchased raw materials, and outbound freight costs, all of which are directly driven by the price of oil.
In July we were pleased to announce a reduction in the surcharge for all our customers based on easing fuel-related costs. While we had hoped to further reduce these surcharges based on the global oil market, increased turmoil in the middle east has created renewed pressure across key cost areas. As such, the fuel surcharge will remain in place at the rate we announced in July.
Our surcharge is being applied globally with the monetary value of the surcharge depending on customer freight terms and final delivery point. The surcharge has several cost components that impact customers differently. In North America and Brazil, the surcharge reflects the additional costs of mining and purchased raw materials. Export surcharges contain these components along with freight components including diesel fuel charges for trucking and bunker surcharges for bulk or container shipments.
Customers who have questions on which components are included in the surcharge being applied to shipments should contact their local business manager.
We will continue to monitor fuel markets and challenge our suppliers so any impact is as short lived as possible.
